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: John F. Dowd who wrote (7972)	10/15/1998 5:15:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 10227

Nextel Rated New 'Buy' at Wheat First Bloomberg News October 15, 1998, 3:49 p.m. ET Princeton, New Jersey, Oct. 15 (Bloomberg Data) -- Nextel Communications Inc (NXTL US) was rated ''buy'' in new coverage by analyst Carolyn Luther Trabuco at Wheat First Union. The 12-month target price is $36.00 per share. -- Michael Donohue in Princeton, New Jersey, (609)279-3156

To: John F. Dowd who wrote (7972)	10/15/1998 6:46:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 10227

Dow Jones: Analysts Have Little Worry Over Credit (Continuation of the Dow Jones article at Post #7959) In addition to worrying about subscriber growth, investors were concerned about Nextel's capital spending forecast for the remainder of the year, which was high despite the slower subscriber growth, said ABN AMRO Inc. analyst Kevin Roe. The concern is exaggerated, as was the response to subscriber numbers, said Morgan Stanley Dean Witter analyst Colette Fleming. She said she had forecast third-quarter subscriber growth of 380,000, so the reported 375,000 was "more like a rounding error" than a disappointment. Nextel's capital spending is necessary if it wants to keep adding high-revenue customers in a competitive wireless market, Fleming said. "This is a subject that has been beaten to death," she added. The company's remarks were in line with previous guidance except for about $200 million in spending for which reimbursement will be slower than expected, she said. Nextel has relied heavily on junk bonds to finance its network, and some investors are concerned about its access to capital. But the worry is not dominant, said Freedman of Bear Stearns. The company said it is going into the fourth quarter with roughly $1 billion in bank credit for domestic operations. It is talking to suppliers about extending existing financing, particularly for foreign operations, officials said. Schindler, the chief financial officer, said Nextel doesn't have all the money it needs for 1999, but its credit prospects look good. "We are confident we can put something in place," he said. "We can certainly go back to the capital markets if they improve." "I'm not concerned about them being able to raise enough funds to execute their business plan," said Roe. In addition to its U.S. operations, the company is active in Brazil, Mexico, The Phillipines, China, Japan and Canada. Its international subscribers, including its proportional share from investments, was 118,000, up 76% from the second quarter. The company's operating cash flow loss from international operations was $46.7 million in the third quarter. -By Shawn Young; 201-938-5248 shawn.young@cor.dowjones.com (END) DOW JONES NEWS 10-15-98 01:36 PM