FLRE ipo'd recently.
Floware Wireless Systems provides broadband point-to-multipoint fixed wireless local access communications systems, allowing service providers to offer high-speed Internet access, other data services and voice services. For the three months ended 3/31/00, revenues totaled $3.1 million, up from $133 thousand. Net loss applicable to Common totaled $12.7 million, up from $1.8 million. Results reflect commercial product deployments, offset by increased stock compensation costs.
This company now has 312 million in cash.. That is 11 dollars a share.. It closed the day of the ipo at 18.. on 8 million shares.. In the second day of trading it closed up 3/8 to 18 3/8 on only 1 million.. With a float of only 4.5 million my guess this stock will really move once the quite period ends. that date being sept 2 2000.. my target is 30-50 dollars a share by the end of november.. Last qtr revenues were 6 million up from 3 million the previous qtr.They have been mentioned as a niche winstar play.. Also brze and ntro are in the same sector.. |
