Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Arnie Doolittle who wrote (3992)	1/7/1998 10:06:00 AM
From: Mark McLeod	Respond to of 10227

Arnie, keep reading. It appears that NXTL has entered into recent agreements to use approximately 3.5 million of these shares to acquire business assets. My quess is the stock will be used to shift spectrum or acquire additional licenses. Don't have time to copy and paste, but these contracts are referenced at the end of the the filing. Mark

To: Arnie Doolittle who wrote (3992)	1/7/1998 7:33:00 PM
From: Al Gutkin	Read Replies (1) \| Respond to of 10227

Arnie: It doesn't matter that it is an ammendment, it's hanging over us. Arnie, I agree that with 350 mil shares outstanding that a mere 10 mil is lost and causes very little dilution. That is like throwing a glass of water in the pond, big ripples at first then calm. Thats my point. The big ripples at first cause a dilution to the daily trend, yes Arnie, over the long term it is absorbed. But look over the past several posts, some of us are in for the long term but still want to trade. This causes a rift to any plan and quite frankly I think it errodes shareholder confidence, maybe not to you, but to others not so set in their future. This unexpected dumping can cause undue hardship to the average investor that believes in a company and it's management. It would have been much better business for the company management to place any extraordinary issue of stock in private hands, to be held for the future. Normal trading causes the normal cycles to take place, some people need cash or want to exit for a better investment, thats fine, it doesn't hurt in the short or long run. However, when a jilted wife, Pittencreif shareholders or the company itself decides to dump over a mil shares on the open market in five minutes, I say it's wrong. Legally no, but morally yes. Especially when on a normal trading day only 2 to 2.5 mil shares change hands. I am willing to argue this point to the end of time, and you know Arnie, that in the past I've been light headed and far from this serious. I would really like someone of knowledge to prove me wrong so that I can assume my easy going position of Nextel ownership. I sold everything out this morning at the high, I may buy it back, but only if I can see that my rush to judgement was wrong. Based upon my rush to judgement, I find that the company has an excellent product, is undergoing rapid expansion (don't know if thats good or bad), has a need for expansion cash, has excellent technical people employed, both directly and indirectly, but, at the same time is operating financially like a mom and pop organization. Most other companies want their stock propped up, even though it doesn't do any good for the company, other than for acquisition purposes. But,it makes for good investor confidence. Western Digital went overboard with this, but other companies know the psychology and the procedures. Someone please prove me wrong, I don't want to loose heart. Al