Nextel Launches Faster Wireless Access to Web Content and New Wireless Modem Device; Data Compression Solution Accelerates Industry's Largest, Nationwide 2.5 G Network.Business Editors/Hi-Tech Writers RESTON, Va.--(BUSINESS WIRE)--May 14, 2002 Nextel Communications Nextel Communications, styled NEXTEL, (Former NASDAQ: NXTL) which is now known as the Sprint Nextel Corporation was a telecommunications firm based in the United States. Known for providing a nation-wide mobile communications system. Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NXTL) today launched a data compression data compression Process of reducing the amount of data needed for storage or transmission of a given piece of information (text, graphics, video, sound, etc.), typically by use of encoding techniques. solution greatly augmenting the speed at which mobile professionals can access Internet content, general office and enterprise applications, such as e-mail and order entry. The new capability provides a two-to-five-fold speed increase (average speeds at 30Kbps and above average speeds reaching 75Kbps and higher) enabling PC laptop and PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). users quicker access to enterprise wireless applications. Nextel today also introduced the iM1100 wireless modem A modem and antenna that transmits and receives over the air. Wireless modems support several technologies, including 802.11, Bluetooth, CDPD, DataTAC, Mobitex and Ricochet. There are wireless modems for laptops, handhelds and cellphones. . The Nextel wireless modem simply plugs into any Microsoft Windows-based laptop or PDA with a Type II PCMCIA card See PC Card. slot. The wireless modem supports both a direct connection to the Internet using Nextel's Packet Data Network, and dial-up access hot Dial-up access is a form of Internet access via telephone line. The client uses a modem connected to a computer and a telephone line to dial into an Internet service provider's (ISP) node to establish a modem-to-modem link, which is then routed to the Internet. via a standard circuit data connection. The iM1100 runs on its own battery, keeping customers connected longer without draining laptop power. Combined, the new network enhancements, modem device and flat rate pricing for wireless-data usage underscore Nextel's commitment to providing the industry's best end-user experience. Recently, industry analyst firm In-Stat/MDR reported that mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. users continued to rank Nextel number one in customer satisfaction, a standing based on reliability of service, ease of use, breadth of available applications and quality of service. (See In-Stat/MDR press release dated May 7, 2002.) "The iM1100 modem brings an exciting new data service option for customers to leverage the Nextel nationwide Packet Data Network, which delivers the industry's most extensive reach and completely mirrors our voice coverage," said Greg Santoro, vice president, Internet and Wireless Services at Nextel. The iM1100 enables remote access to corporate intranets and back-office systems, such as sales force automation Automating the sales activities within an organization. A comprehensive SFA package provides such functions as contact management, note and information sharing, quick proposal and presentation generation, product configurators, calendars and to-do lists. , order entry, inventory tracking and customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), supporting true workforce mobility. For individuals and companies of all sizes, it can provide workers with e-mail access anytime they are out of the office, including at customer sites or while traveling on business. The Nextel iM1100 modem--when paired with select rate plans--can optimize the new data compression capabilities now available in Nextel's Packet Data Network, providing a two-to-five-times performance increase in the end-user experience of Web browser-based applications and browser-accessed content. Data Compression To boost wireless data performance on its network, Nextel has installed Bytemobile's Macara(TM) platform, which is a wireless optimization service node (WOSN) that dynamically improves the delivery of IP-based data including web pages and email on wireless networks and significantly improves bandwidth utilization. The WOSN includes advanced networking technology that improves security and scalability for data services. To leverage these new capabilities, Nextel customers only need Internet Explorer Microsoft's Web browser, which comes with Windows starting with Windows 98. Commonly called "IE," versions for Mac and Unix are also available. Internet Explorer is the most widely used Web browser on the market. It has also been the browser engine in AOL's Internet access software. (TM) or Netscape(TM) loaded on a PC or PDA and either a Nextel handset or the iM1100 as a data modem device. "By adding the Macara platform, Nextel has significantly enhanced its data services with faster access speeds over its existing network. This new capability strengthens Nextel's leadership position in wireless data and allows us to provide a better user experience for Nextel customers," said Santoro. iM1100 The iM1100 is small, light and easy to store in a computer bag. It weighs 4.8 ounces including battery, has a black and silver body and is 5.3"x2.1"x.8". Nextel leads all wireless carriers in North America in the adoption of wireless data services with 20 percent of its domestic customer base - or 2.0 million Nextel customers - using Nextel's nationwide IP data network. The modem provides customers with instant access to business applications and services designed specifically for their industry, including content and commerce sites, search engines and portals. Pricing Nextel offers a $54.99 fixed rate plan called PacketStream Gold with no overage Overage Apples mainly to convertible securities. Difference between how much common stock one party must sell and the other wishes to buy for the same amount of convertible in a swap. charges for unlimited support of Internet applications and email. The modem has a promotional price of $349.99 with a one-year service agreement. About Nextel Nextel Communications, based in Reston, Va., is a leading provider of fully integrated wireless communications services and has built the largest guaranteed all-digital wireless network in the country covering thousands of communities across the United States. Nextel and Nextel Partners Inc., currently serve 197 of the top 200 U.S. markets. Through recent market launches, Nextel and Nextel Partners service is available today in areas of the U.S. where approximately 230 million people live or work. For more information about Nextel, please visit http://www.nextel.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. A number of the matters and subject areas discussed in this press release that are not historical or current facts deal with potential future circumstances and developments. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from Nextel's actual future experience involving any one or more of such matters and subject areas. Risks and uncertainties that may cause actual future experience and results to differ from Nextel's current expectations regarding the relevant matter include the economic conditions in our targeted markets, performance of our technologies, competitive conditions, market acceptance of our services and those that are described from time to time in Nextel's reports filed with the Securities and Exchange Commission, including Nextel's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000. This press release speaks only as of its date, and Nextel disclaims any duty to update the information herein. |
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