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Nextel reports $123 million net income

RESTON, Va.-Nextel Communications Inc. reported one of its best quarters ever highlighted by its first ever positive net income of $123 million compared with a net loss of $369 million for the second quarter last year. Earnings per share also increased from a loss of 56 cents per share last year to a return of 37 cents per share this year.

Nextel also posted 471,000 net subscriber additions for the quarter, ending the quarter with 9.64 million domestic customers.


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