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

To: Al Gutkin who wrote (5885)	4/28/1998 1:46:00 AM
From: Tony McFadden	Read Replies (1) \| Respond to of 10227

Al, Ed, Phil, et. al. the loneliness isn't people abandoning the thread completely, only people regressing back to lurk mode. Personally, I'd like to see NXTL slip to the low 20's -- as long as it does when I'm buying. What I think has happened is that a lot of people jumped on with out DD when NXTL joined S&P. After doing DD, but not knowing the industry, many of those bailed out after looking at a) the overall debt and b) the -ve eps for '97. Knowing the industry, I hope nobody catches on till I've loaded up as much as I can. Tony, lurking in the shadows

To: Al Gutkin who wrote (5885)	4/28/1998 4:13:00 PM
From: Ken Benes	Read Replies (3) \| Respond to of 10227

Al: Nextel is currently hostage to the market. As a highly leverage play, nextel will react to the systemic moves in the market regardless of the fundamentals of the company. Without any earnings, the only way to value nextel is the price to book, ARPU, and cash flow. To price the company to future cash flows is difficult because should stock prices decline, multiples used for such calculations may change. One thing is certain, nextel has lost its momentum. This will make it exceedingly difficult to reach the 46+ level this summer. Without this upside potential, nextel carries more risk than a stock with good earnings increase. What can change this scenario? Continued strength in the economy and the markets with low interest rates; continuation of record levels of add ons; good numbers from its overseas operations; and finally increasing debt as little as possible. The current environment of very high valuations that may be correcting is not the best environment for a startup. Ken