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

To: p friend who wrote (7951)10/15/1998 11:55:00 AM
From: Rob Prickett  Read Replies (1) | Respond to of 10227
 
p friend,

My take on the conference call re: capital requirements is a little different. I didn't hear Akerson (et al) say or imply that they do not have a problem. They only have enough money to get about halfway through next year, and are working on securing more. Akerson did say that they would adjust spending in accordance with subscriber additions.

I think the capital situation spooked Nextel investors today as much as anything else.

Rob


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