Subject: [NEXTEL-1] QCOM & NextelCommunicationsboth sagged 1 percent.

From: Marcel <[email-masked]>
Date: Fri, 22 Nov 2002 15:45:49 -0500

Nine of the 20 largest equities fell, including the two largest. Qualcomm  (QCOM: news,
chart, profile) and NextelCommunications (NXTL: news, chart,profile) both sagged 1
percent.
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B854012A3%2DFD84%2D4985%2D909B%2DCB1EB88F2B59%7D

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TELECOM STOCKS

Rally pauses; Sprint PCS strong again

By Jeffry Bartash, CBS.MarketWatch.com
Last Update: 10:18 AM ET Nov. 22, 2002

NEW YORK (CBS.MW) - After several days of robust rallies, telecom stocks shuffled up and down in quiet Friday action. Shares mostly clung close to opening-day levels.

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In recent trading, the American Stock Exchange's Networking Index, which represents large manufacturers, dipped 1.0 percent. The day before, it soared 7.5 percent.

ADC Telecom (ADCT:
news,
chart,
profile) was the only sharp decliner. It fell 12 percent to $2.15. On Thursday, it jumped 16 percent.

On the upside, Alcatel (ADCT:
news,
chart,
profile) added 3.7 percent.

The Nasdaq Telecommunications Index, which tracks younger equipment manufacturers and phone carriers, slid 0.5 percent.

Nine of the 20 largest equities fell, including the two largest. Qualcomm (QCOM:
news,
chart,
profile) and Nextel Communications (NXTL:
news,
chart,
profile) both sagged 1 percent.

Meanwhile, big phone stocks, as measured by Standard & Poor's Communications Services Index, skidded 0.2 percent.

Sprint PCS (PCS:
news,
chart,
profile) rose 7 percent to $5.35, once gain making it the biggest gainer. Yet slight declines in AT&T (T:
news,
chart,
profile) and Verizon (VZ:
news,
chart,
profile) kept the index in check even though more stocks rose than fell.
Jeffry Bartash is a reporter for CBS.MarketWatch.com in Washington.

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