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

To: Al Gutkin who wrote (3544)	12/9/1997 11:00:00 AM
From: Roader	Respond to of 10227

Nextel Files To Swap $1.13 Bln 9.75% Sr Disc Notes Federal Filings via Dow Jones Form S-4 333-41747 SEC RECEIVED: 12/09/97 ISSUER: NEXTEL COMMUNICATIONS INC. SYMBOL: NXTL UNDERWRITER: Morgan Stanley, Chase Securities, J.P. Morgan, NationsBanc Montgomery, TD Securities and Credit Suisse First Boston OFFERING: Up to $1,129.1 million of 9.75% senior serial redeemable discount notes due 2007. NARRATIVE DESCRIPTION WASHINGTON (FFBN) -- Nextel Communications Inc. has filed to exchange up to $1,129.1 million of publicly tradeable 9.75% senior serial redeemable discount notes due 2007 for all outstanding 9.75% senior serial redeemable discount notes due 2007. Net proceeds from the original note offering were $682 million. The company plans to use the funds for general corporate purposes, including either refinancing outstanding debt or refinancing a portion of the cost of implementing a business plan that otherwise would have been funded by borrowings under a credit facility. The original notes were sold on Oct. 22 in a private placement through Morgan Stanley & Co., Chase Securities Inc., J.P. Morgan Securities Inc., NationsBanc Montgomery Securities, Inc., TD Securities (USA) Inc., and Credit Suisse First Boston Corp. Harris Trust and Savings Bank is serving as the exchange agent and trustee for the notes.

To: Al Gutkin who wrote (3544)	12/9/1997 1:52:00 PM
From: pat mudge	Respond to of 10227

<<<If you move your stock around, without doing indepth research, you will be gambling.>>> Al -- This is so true. For the most part "buy and hold" works, but I think there comes a time you should take profits and a time you should add, and that's what I'm looking at here. My major holding was just bought out by TXN and I'm looking for other places for those funds. I like NXTL, but remember the trip from 6 to 9 to 21 and then the looooooooooooooooooong slide down. Dips I can handle. Interminable slides, well, it goes without saying. . . . I'll do some more work before making a decision. Thanks for your great response. Cookies???? The kitchen's beginning to look like Mrs. Claus on speed. :)) Pat