Subject: [NEXTEL-1] 7 managers at Nextel Partners sell shares

From: Marcelrf <[email-masked]>
Date: Mon, 01 Mar 2004 07:33:05 -0500

Business Digest
7 managers at Nextel Partners sell shares

Nextel Partners said seven managers
including Chief Executive John Chapple
sold a total of 1.4 million shares — the
first time that any of the executives
have sold the Kirkland company's stock since it was founded in 1998.

Nextel Partners' executives plan to sell 925,000 more shares over the
next 15 months. The sales are part of an asset-diversification plan,
said the company, which sells a combined mobile-telephone and
walkie-talkie service under the Nextel brand.

The shares the executives have sold and plan to sell represent less than
1 percent of the company's total common shares outstanding.

Nextel Partners' shares have more than doubled in the past year. The
company said this week it expects to be profitable on a per-share basis,
excluding any expenses or gains associated with the early retirement of
debt, in the second quarter as sales increase.

The company didn't name the other executives who sold stock.
The shares Chapple sold and plans to sell represent 18 percent of his
holdings in the company.

http://seattletimes.nwsource.com/html/businesstechnology/2001867379_bizbriefs28.html

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