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

To: Arnie Doolittle who wrote (8670)	1/22/1999 6:06:00 AM
From: Anthony Wong	Respond to of 10227

From a Merrill Lynch 1/30 report "Impact of Brazil on Wireless Companies": "Nextel Communications: We estimate that Nextel's Latin Ameican operations will represent about 7% of total company revenues in 1999E and about 10% in 2000. As for EBITDA contributions, Nextel's Latin American subsidiaries are still generating operating losses. If subscriber growth in Brazil slows as a result of recession, we believe that this might actually have a positive impact on Nextel's total company EBITDA as marketing and sales expenses would be reduced." Full report (registration, free, required) at askmerrill.com Anthony

To: Arnie Doolittle who wrote (8670)	1/22/1999 9:04:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 10227

Nextel's 5Q98E, from "Telecom/Wireless SVC: Strong Seasonal Growth", Merrill Lynch report of 1/07: We establish that Nextel Communications will add over 350,000 net domestic digital subscribers during 4Q98E for an ending base of 2.77 million, up 118% over 4Q97. The company indicated that it is comfortable with a range of 350,000 to 375,000 net additions during 4Q. We believe that Nextel could surpass our net addition estimate. Nextel added 375,000 net digital subscribers during 3Q98. We believe that about one-third of the gross additions have chosen the new i1000 handsets. With the introduction of this new, smaller phone, we believe Nextel has been able to reach more white-collar workers. We estimate that monthly ARPUS during 4Q98E will remain above $69 and that the monthly churn rate will be about 1.8%, comparable with the 1.8% during 3Q98. We estimate that this will be the second Q that Nextel will generate positive EBITDA for its domestic operations. Our estimate for 4Q98E domestic EBITDA is $56 million. Our estimate for consolidated EBITDA during 4Q98E is $4 million. Our 4Q98E losses per share is $1.47. Full report available at: askmerrill.com