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

To: Bernie Diamond who wrote (8119)	10/29/1998 3:43:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 10227

Bernie: I am becoming increasingly more suspect about this rally and the price movements of nextel is supporting my views. With the amount of leverage that nextel already has and its increasing needs for capital at higher interest rates, the current price is saying that the markets expect a recession sometime in the near future. Any slowdown will have an impact on nextels operating cash flow. Exacerbating the situation is the current state of the international markets that nextel was expanding into. Primarily, Brazil is either in a recession or entering into one, the far east is in chaos, and capital has all but dried up in those markets. Should this rally falter, nextel may well lead the markets down. Not a bright scenario for such a promising company. Ken