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

To: Al Gutkin who wrote (5882)	4/27/1998 4:59:00 PM
From: Al Gutkin	Respond to of 10227

Arnie: RE: Nextel acqusition of SMR licenses, specifically my client. Evidently this is the first part of a very long process. Nextel hasn't officially been awarded the licenses yet, however, they sent a representative to speak, the following information was available. After the award Nextel has a period of time to start the process, 30-60 days. The process is similar to eminent domain procedures. Then, the parties have a year to arrive at the condemnation price (negotiations, of course). If Nextel and the selling party can't agree within the year, then arbritration. Based upon the feedback that I got, nothing will happen for quite awhile. I hope that Nextel doesn't have to borrow more money to complete the license acquisitions. Al G., I know, and my client knows, very little.