Nextel CEO Tim Donahue told Merrill Lynch investors conference in...
Nextel CEO Tim Donahue told Merrill Lynch investors conference in N.Y. that company expected operating cash flow in first quarter to be about 15% below 4th-quarter results. He attributed anticipated drop to “the impact of a slowing economy and…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
related cost control measures being implemented by many businesses.” Company expects to add 500,000 subscribers in quarter. “In the current environment, Nextel is taking aggressive action to reduce costs, increase efficiencies and focus on profitability,” Donahue said. Nextel shares dropped 28.75% Wed. to $14.56 on Nasdaq, which is new 52-week low.