Subject: [NEXTEL-1] RESEARCH ALERT-Merrill raises Nextel to

From: Marcel <[email-masked]>
Date: Thu, 06 Feb 2003 16:40:28 -0500

RESEARCH ALERT-Merrill raises Nextel to
'neutral'
Thursday February 6, 12:00 pm ET

NEW YORK, Feb 6 - Merrill Lynch on Thursday said analyst Linda Mutschler raised her
investment rating for Nextel Communications Inc. (NasdaqNM:NXTL - News) to "neutral" from
"sell," citing the telecom company's "aggressive steps to address its balance sheet
leverage."

Shares of Nextel, the nation's fifth largest wireless telephone company, closed at $12.61
on Wednesday.

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