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

To: Arnie Doolittle who wrote (8815)	2/23/1999 12:49:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 10227

Analystc comments on earnings report: ''Nextel's average revenue went up every quarter in 1998,'' said Jeffrey Hines, an analyst at BT Alex. Brown Inc., who rates Nextel ''strong buy.'' ''That's almost unheard of in the wireless industry.'' Nextel said on a conference call with analysts and investors that it expects to add 350,000 to 400,000 customers each quarter in 1999. It also expects the average monthly revenue per customer to fall slightly to the high $60 range. The McLean, Virginia-based company estimates minutes of use on its network will rise to 16 billion to 17 billion in 1999. That's up as much as 79 percent from 9.5 billion in 1998, Tim Donahue, president of Nextel, said on the conference call. ''I don't know any other wireless company with that kind of average use per customer,'' said Christopher Larsen, an analyst at Prudential Securities Inc., who rates Nextel ''strong buy.'' Chief Financial Officer Steven Shindler said the higher phone use will help boost revenue more than 50 percent this year. ''The revenue growth won't be as high of percentage, but we will be looking at something greater than 50 percent growth in revenue,'' Shindler said in an interview. BT Alex. Brown's Hines raised his estimates for cash flow, or earnings before interest, taxes, depreciation and amortization, for 1999 and 2000. In 1999, Hines expects cash flow of $709 million this year and $1.3 billion in 2000. Excerpted from Bloomberg reports