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

To: Satellite Mike who wrote (8801)	2/22/1999 9:42:00 AM
From: Thomas Walker	Read Replies (1) \| Respond to of 10227

Mike, Do you really think that after their huge number of acquisitions that WorldCom doesn't know what it would be against if it bid for Nextel. I think that I'm a pretty smart guy and have worked in telecom for almost ten years - the last few in wireless, but I wouldn't bet my knowledge in what would happen during a takeover bid against WCOM's. Granted just because I work in the sector doesn't mean I know squat about taking over companies, but I have been a WorldCom shareholder for a long time. If they know anything, they know how to buy companies. I don't mean to put you down or anything, but think about it. WorldCom got where it is today by buying companies and to buy a company, you have to bid more than the second highest bidder. Tom

To: Satellite Mike who wrote (8801)	2/22/1999 5:15:00 PM
From: Anthony Wong	Respond to of 10227

Nextel Unit Sees $35 Mln Charge to Cover Brazilian Devaluation Bloomberg News February 22, 1999, 1:54 p.m. ET Nextel Unit Sees $35 Mln Charge to Cover Brazilian Devaluation Washington, Feb. 22 (Bloomberg) -- The international unit of Nextel Communications Inc. expects to take a pretax charge of about $35 million in response to Brazil's currency devaluation. Seattle-based Nextel International Inc. also will write down certain Brazilian assets by $130 million to reflect their lower value in dollars, according to a Form 8-K filed with the U.S. Securities and Exchange Commission. The $35 million charge will lower the parent company's earnings for the quarter ending March 31, but the $130 million write-down will only affect shareholders' equity on the company's balance sheet. ''There is really no change in the economic earning power of the assets,'' said Nextel Communications spokesman Paul Blalock. Nextel, based in McLean, Virginia, operates a wireless telephone network. Nextel must make these adjustments when consolidating the results of its foreign operations into U.S. financial statements prepared according to generally accepted accounting principles. Blalock cautioned that amounts cited in the SEC filing are preliminary estimates. Final figures will be based on the foreign exchange rate at the end of the first quarter, the filing said. The $35 million estimated charge is for what is known as a foreign currency transaction loss. The figure is based in part on the outstanding amount of dollar-denominated debt of Nextel's Brazilian subsidiaries. Nextel shares rose 1 1/4 in recent trading to 31 13/16. Company shares have risen 35 percent so far this year. --Miles Weiss in Washington (202) 624-1879/bd