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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (3513)	12/8/1997 2:53:00 PM
From: Mike V.	Respond to of 10227

PT. Keep the faith! Rome wasn't built in a day and neither will Nextel! As we all know Nextel ran from $12 1/8 on 4/2/97 to $32 on 10/9/97. Even with today's drop to $23 and change Nextel is up approximately 100% in 8 months. To state that a stock with that kind of 12-month performance sucks IMO just means you missed the early gain. The critical horizon for Nextel is 18 - 24 months, NOT DAILY, WEEKLY or MONTHLY changes in the price. Nationsbanc Montgomery Securities forecasts a drop in capital spending as follows: 1997 - $1.4 billion 1998 - $1 billion 1999 - $475 million The billion dollar reduction sure buys a lot of marketing or drops to the bottom line, I'll be quite happy to let Nextel's capable management team make the call. The business we have bought is a communications service not a communication product, and it takes big money to build a world class communications service. Am I concerned over the lack of upward movement in Nextel's share price - YOU BET I AM. However, until there is a change in Nextel's business execution I continue to believe this is the single best long-term stock opportunity on the late 90's. Am I losing money on this stock - YES. Would I consider selling a single share - Not today, but I reserve the right to change my mind :-) Mike V

To: P.T.Burnem who wrote (3513)	12/8/1997 6:01:00 PM
From: Arnie Doolittle	Read Replies (1) \| Respond to of 10227

PTB, given your dark views of NXTL, I suggest that you sell your stock and short it. Or perhaps AT&T might be a good sector alternative for you. Or maybe Sprint. Never mind that neither one of them is making its presence felt like NXTL is. Apparently, if you're right, NXTL will fail soon because they can't compete. Although I respect your right to express those opinions, I think you're 100% wrong about NXTL's fundos. But I guess that's what makes a market, isn't it? Arnie the NXTL fanatic