Subject: [NEXTEL-1] UPDATE - Nextel sees strong results in 2003

From: Marcel <[email-masked]>
Date: Thu, 09 Jan 2003 01:10:35 -0500

Reuters
UPDATE - Nextel sees strong results in 2003
Wednesday January 8, 4:42 pm ET

RESTON, Va., Jan 8 (Reuters) - Wireless telephone company Nextel Communications
Inc. (NasdaqNM:NXTL - News) said on Wednesday it still expects strong financial results
in 2003 after meeting and beating analysts' expectations in 2002.

"My sense is we're going to have a
strong 2003," President and Chief
Executive Tim Donahue told
investors at the Salomon Smith
Barney Entertainment, Media and
Telecommunications conference in
La Quinta, California.

Donahue also said Nextel expects to
generate free cash flow for the
second consecutive quarter in the
fourth quarter.

Reston, Virginia-based Nextel, the
fifth-largest wireless telephone
company, still expects to generate at
least $3.1 billion in operating cash
flow in 2002 as it adds more than 1.9
million customers.

It expects 2002 capital expenditures to be under $1.9 billion, 20 percent lower than a
year ago.

Shares of Nextel closed down 27 cents at $13.47 on Nasdaq.

http://biz.yahoo.com/rc/030108/telecoms_nextel_outlook_2.html

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