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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (46652)	5/28/1999 8:36:00 AM
From: JeffA	Read Replies (3) \| Respond to of 90042

Probably why NXTL has sold off MSFT paid $36. Friday May 28, 7:48 am Eastern Time Microsoft invests in Nextel RESTON, Va., May 28 (Reuters) - Software giant Microsoft Corp. has acquired a 4.25 percent stake in the wireless phone company Nextel Communications Inc. for $600 million, Nextel said Friday. Plans for the investment were announced earlier this month. The investment gives Microsoft a bigger presence in the emerging market for wireless Internet and data services. Nextel said in a statement that Microsoft acquired about 16.67 million Nextel shares at the agreed price of $36 each. As part of the deal, Nextel customers will be able to use Microsoft's MSN Internet services. Nextel said it would use the $600 million to speed up its wireless Internet