SI
SI
discoversearch

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: Arnie Doolittle who wrote (8817)2/23/1999 2:49:00 PM
From: Rob Prickett  Read Replies (1) | Respond to of 10227
 
Nextel comments on no merger partner

(from Yahoo! thread)

by: NotJordan (31/M/Chicago, IL)
15436 of 15440
By Jessica Hall
NEW YORK, Feb 23 (Reuters) - Nextel Communications Inc. <NXTL.O>, which has been seen as a potential takeover candidate, said it does not
need a merger partner to thrive in the competitive and quickly consolidating wireless telephone market.
"We are certainly building the company to do everything on our own. We think we've got all the key ingredients to do that," Nextel Chief Financial
Officer Steve Schindler said in a telephone interview after the release of the company's fourth-quarter earnings report.
"We're in a very strong position to be one of the dominant national and international wireless carriers. ...We certainly don't need a partner to drive
the results we're expecting to drive, not only in 1999 but in future years," Schindler said.
Shares of Nextel have risen about 30 percent this year amid speculation the wireless telephone company may be acquired. On Tuesday, shares of
Nextel fell $1.19 to $30.75 after its fourth-quarter earnings failed to meet Wall Street expectations.
Nextel has a lucrative customer base since it mostly targets business customers instead of consumers. The company is also one of the few
carriers, besides AT&T Corp. <T.N> and Sprint PCS <PCS.N>, that has a national wireless network.
"Strategically, are there certain things we'd benefit from in having someone come in in an alliance arrangement or other arrangement? Yeah, there
are obviously things that could potentially enhance our position....but it's not something we are in need of," Schindler said.
Instead, Nextel is focused on building its business internally.
McLean, Va.-based Nextel said it expected to add 350,000 to 400,000 domestic subscribers per quarter in 1999. In the fourth quarter of 1998,
Nextel added 372,500 domestic subscribers, beating its own internal forecast of 350,000 subscribers.
The company expects to keep average monthly revenues per unit in the high $60s.
Average revenues were $70 a month during the fourth quarter. That was stronger than Nextel had expected as average revenues typically ease in
the fourth quarter because there are more holidays, fewer work days and generally less business calling volume.
Nextel expects to keep its customer turnover, or churn, at 2 percent or less in 1999. Customer turnover was 2 percent in the fourth quarter and 1.8
percent for the full year 1998.
Capital spending per net subscriber addition fell 22 percent in 1998 to $1,250 from $1,600. Nextel expects its costs per subscriber will fall by 10
percent to 15 percent in the major cities where it has already built its wireless network.
Schindler also reiterated Nextel expects to be cash flow positive on a consolidated basis, including its international operations, in the first quarter
of 1999. The international business, on its own, will be cash flow positive in the first quarter of 2000. The company as a whole will be net income
positive in 2001 or 2002, Schindler said.
Earlier on Tuesday, Nextel posted a fourth-quarter loss of $412.9 million, or $1.43 per share, compared with a loss of $841.5 million, or $3.18, in
the year-ago period.
The loss exceeded Wall Street expectations. Analysts had forecast the company would lose $1.41, according to First Call Corp., which tracks
earnings estimates.
Fourth quarter revenues climbed to $591.6 million from $275.1 million.

Posted: Feb 23 1999 2:22PM EST as a reply to: Msg 15412 by bd711



To: Arnie Doolittle who wrote (8817)2/24/1999 12:18:00 AM
From: BEAR  Read Replies (1) | Respond to of 10227
 
Boy what a downer I was expecting big thing this am heard on bloomberg we only loss a $1:05 a share .Great thats .40 cents less than what Arnie predicted I was estaic than I hear arnie only miss by .2 cents still positive but stocks down to my amazement.I did have lunch with my original nextel salesman today he was at some show where people interview for jobs they were 10 deep trying to get to the nextel suite.My salesman did by buy me lunch and he did use a coupon a far cry from that idiot who posted on Yahoo about some hiring freeze.I did ask about the rumors about people leaving.He said they were weading out the weak you have to sell 100 radios a month to cut it as salesman.See after I get back from Vegas.Maybe I can turn this around.Rick



To: Arnie Doolittle who wrote (8817)2/25/1999 3:55:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 10227
 
Web Phone: Sizzle But No Steak
by Chris Oakes
Wired News
3:00 a.m. 25.Feb.99.PST

The arrival this week of the Internet-enhanced
cell phone represents an important
communications milestone. But the future of
wireless information depends on what users are
able to do with the device.

The absence of compelling content may be a
serious obstacle to the wide adoption of smart
phones and alternative handheld devices.

Nokia has introduced the Nokia 7110, a cell
phone that can access and display
Internet-based information on the same screen it
uses for voice functions. The new phone is
targeted at the European market, but US
models are expected by the end of the year.

"The technology is good, the wireless part is
good. The problem is you can't go to just any
Web site -- and that decreases the value," said
Andrew Seybold, editor of wireless industry
newsletter Outlook.

"It's about enabling your phone to be a powerful
productivity tool," said Ben Linder, vice president
of communications for Unwired Planet. "They
are meant to give you access to important
information that has value when you're mobile."

Unwired Planet is a founding member of the
Wireless Access Protocol Forum, an industry
consortium working to establish the industry
protocol (called WAP) for Internet-enhanced cell
phones.

"Trading stocks, electronic commerce -- those
are all services that will emerge, but it will be a
distinct segment of the Internet," Linder said.
The WAP vision encompasses cell phone
access to news, weather reports, stock prices,
flight schedules or wireless banking, plus
access to corporate and ISP email.

But such services don't yet exist.

Linder said Nextel and Motorola have already
announced plans to roll out WAP-compatible
systems later this year that will provide access
to Netscape's Netcenter content. Phones from
dozens of other manufacturers are also
expected by the end of 1999.

On the content side, just two companies were
on hand for Nokia's announcement on Tuesday.
CNN and Reuters said they plan to deliver
WAP-specific news and information services.

To Seybold, that does not exactly add up to
momentum. "I don't think there's a whole lot of
value to news, weather, and sports. News,
weather, and sports are free."

Many sites that built content for an ill-fated
predecessor to the WAP technology will easily
be able to convert their content for the new
phones, Linder said. "Thirty or so existing [but
unannounced] sites are getting ready for this."

In addition to founding member Nokia, the WAP
forum's 91 member companies include Nortel,
Bell Atlantic, Motorola, Sony, and Qualcomm.
Handset manufacturers representing over 75
percent of the world market have committed to
shipping WAP-enabled devices, according to the
forum.

The WAP technology has a history dating back
to 1997, with the launch of the "handheld device
markup language."

Dubbed HDML, the spec was meant to serve as
a counterpart to HTML and bring Web content to
constrained devices and their small screens.
But the need to develop content and a lack of
phones with big enough displays helped quash
HDML.

Advocates like Linder say the later-generation
technology will fare better, especially now that
more phones have displays.

Seybold sees the form-factor problem as going
beyond screen-size. The wireless industry, he
says, has been struggling to find the right form
factor to add wireless information to voice, and
the cell phone is not it.

He sees a better future for a diversity of form
factors, the coming wireless PalmPilot foremost
among them.

On its surface, the Nokia 7110 looks to be a
Palm VII killer, also due later this year. The
Palm VII is positioned to provide wireless
access to information, such as flight schedules
and news headlines, and to be a means of
conducting online transactions, such as
movie-ticket purchases or online stock trades.

"The Palm platform does not have nearly the
penetration that mobile phones do," Linder said.
"Over 200 million phones will be sold this year...
Fifty percent of the population of industrialized
countries will carry wireless phones. The
number is forecast to reach a billion by year
2003."

Bringing Internet capabilities to a commodity
device is a much different prospect than a
wireless PalmPilot. Phones with data are a
low-cost addition to an already-inexpensive
consumer product. The Palm VII, meanwhile, is
expected to cost nearly US$800.

"Palm will appeal to those who are data-centric
and feel the need to go to any Web site in the
world," said Linder.

That's the key difference, said Palm Computing
spokeswoman Elizabeth Cardinale. "Having
[two-way information] features -- and working
with everything out there -- is a different thing."

Early signs show the PalmPilot is drawing much
more enthusiasm in the way of content
providers. Twenty-two major Web sites have
announced plans to provide Palm VII
compatibility out of the box, including ABC
News, ESPN, The Wall Street Journal, USA
Today, ETrade, Visa, and Mastercard.

What's more, there is no need for new content
compatible with the format. A content provider
needs only to build a small, downloadable
"query application" for the Palm VII to make
standard Web content available to the
PalmPilot. Users with HTML knowledge will be
able to write query applications for sites that
don't provide them, if they choose.

At least on paper, Seybold sees greater
potential for the Palm VII. "If the Pilot can pick
from the Web's diversity of sites and not lose
users in a sea of information, then the Palm VII
will continue to draw users."

Linder is not concerned. "I fully expect the
portals to get into this business very quickly. I
expect you'll see quite a few dozen of the major
sites starting to support WAP content."

wired.com:80/news/news/technology/story/18120.html



To: Arnie Doolittle who wrote (8817)3/4/1999 1:54:00 AM
From: Satellite Mike  Read Replies (2) | Respond to of 10227
 
Arnie,

How soon can customers use Nextel's phones
as a modem for their laptops? I just read
that bet. 35-40 % of Americans are now online.
Also, are the new digital cellular networks
exclusive in their ability to give customers
internet connections, or can Airtouch also
offer internet for their customers?

Mike