Subject: [NEXTEL-1] DJO Motorola Owned 8% Stake In Nextel Commun As Of March 14

From: Marcel <[email-masked]>
Date: Sat, 29 Mar 2003 11:22:39 -0500

DJO Motorola Owned 8% Stake In Nextel Commun As Of March 14

March 28, 2003 9:46am

WASHINGTON (Dow Jones)--Nextel Communications Inc. (NXTL) said Motorola Inc. (MOT) was the

beneficial owner of 8% of its Class A common stock as of March 14.

The ownership stake assumes conversion of
the outstanding shares of Nextel's Class B
nonvoting common stock, all of which are
owned by Motorola, Nextel said in its annual
report filed Thursday with the Securities and
Exchange Commission.

As reported March 4, Motorola recently sold 25
million, or 23%, of its previous stake of 108
million shares of Nextel to a single investment
bank, and Motorola said it planned to hedge
another 25 million over the next five years to
several more banks.

Motorola is currently the sole source for digital
mobile network equipment, software and
handsets used throughout Nextel's markets. If
Motorola fails to deliver system infrastructure,
handsets or necessary technology
improvements and enhancements on a timely, cost-effective basis, the filing said, Nextel
may not be able
to adequately service its existing customers or add new customers.
http://hoovnews.hoovers.com/fp.asp?layout=query_displaynews&q=NEXTEL&so=&dc=&ro=&ed=&sd=&s=1&boldtext=NEXTEL&sym=&doc_id=NR20030328460.15_81910006c98a9f7c

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