Subject: [NEXTEL-1] Nextel Communications, down 3.2 percent to $11.68, was the most notable decliner.

From: Marcel <[email-masked]>
Date: Tue, 31 Dec 2002 15:11:02 -0500

Nextel Communications, down 3.2 percent to $11.68, was the most notable decliner.
http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&guid=%7B7E14D627%2D7913%2D4A04%2DB384%2D47E84BFB2DDE%7D

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Nortel, AT&T Wireless lead retreat

By Jeffry Bartash, CBS.MarketWatch.com
Last Update: 6:03 PM ET Dec. 30, 2002

NEW YORK (CBS.MW) -- Major wireless stocks weakened, and so did large equipment vendors, sending the telecommunications sector mildly lower Monday.

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The American Stock Exchange's Networking Index, which represents large manufacturers, fell 1.5 percent on the day.

Nortel Networks (NT:
news,
chart,
profile) dropped 4.8 percent, and Alcatel (ALA:
news,
chart,
profile) and Juniper Networks (JNPR:
news,
chart,
profile) both lost 4.1 percent, heading up decliners.

The Nasdaq Telecommunications Index, which tracks younger equipment makers and phone carriers, dipped 0.3 percent.

Seventeen of the 20 largest equities fell, though prices weren't far from Friday's levels. Wireless operator Nextel Communications (NXTL:
news,
chart,
profile), down 3.2 percent to $11.68, was the most notable decliner.

Big phone stocks, as measured by Standard & Poor's Communications Services Index, dipped 0.4 percent.

Wireless leader AT&T Wireless (AWE:
news,
chart,
profile) surrendered 5.4 percent to $5.78.

On the upside, Sprint (FON:
news,
chart,
profile) added 3.7 percent to $14.50. Verizon (VZ:
news,
chart,
profile) and Qwest Communications (Q:
news,
chart,
profile) edged higher.
Jeffry Bartash is a reporter for CBS.MarketWatch.com in Washington.

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