Subject: [NEXTEL-1] Motorola, Inc. and Nextel Communications, Inc. Sign Agreement Extending Supply Arrangements

From: Marcelrf <[email-masked]>
Date: Mon, 22 Mar 2004 14:20:32 -0500

Press Release
Source: Motorola, Inc.

Motorola, Inc. and Nextel Communications, Inc. Sign Agreement Extending
Supply Arrangements
Monday March 22, 1:30 pm ET

ARLINGTON HTS., Ill., and RESTON, Va., March 22 /PRNewswire-FirstCall/
-- Motorola Inc.
(NYSE: MOT - News) and Nextel Communications, Inc. (Nasdaq: NXTL - News)
today
announced they have signed an agreement extending their supply
arrangements while a new
supply agreement is being negotiated. At the end of December 2003, the
terms of the
companies' primary supply agreement under which Nextel purchased network
infrastructure
equipment, handsets and related software expired. Since that time,
Nextel has continued to
purchase products from Motorola under interim agreements, purchase
orders and special
development contracts.

The new agreement extends the
previously expired supply agreement on
substantially the same terms that were
in effect prior to its expiration while the
companies continue to negotiate
comprehensive long term supply
agreements covering products, software
licensing and software support for both
network infrastructure and handsets.
This extension also permits Motorola to
recognize revenue for software support
that it has continued to provide Nextel.
The extension agreement will continue
in effect until the end of 2004 or until the
new agreement is completed, if earlier.

http://biz.yahoo.com/prnews/040322/cgm051_1.html
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