I think the Billy Bowden article extensively told the pros and cons. I don't usually put much substance in analysts, gurus, bashers, hypesters or pretend traders, no matter whether they are pro or con. I tend to evaluate what I read for itself rather than the fact that it comes from an analyst. However, that report was well-written, objective and the market reacted accordingly. The shorts started to run.
In essence, MCOM has done an A+ job with the technology, and putting together a network at relatively inexpensively. OTOH, PR, IR and marketing got a D or something like that. Management has been less than vigilent in defending its currency as can be seen by the price and the short interest, which may have been as high as 80% at its peak.
If you truly want to be objective, you have to recognize that management failures can be changed and I believe that is happening now. The technology and the service has been lauded by just about everyone except those with an axe to grind and even those tend to post as you do with a broad non-descript brush.
I'm not overly optimistic for q/e/3/31/2001. I think the stock price says very small numbers. Any good news whatsoever will push the stock up significantly. I.e., any significant ramp-up by WCOM and others continue what we saw on Friday.
Given the market tanking, MCOM was one of the best movers. For awhile, it was the #1 gainer on a bad day. If the NAZ had been up 100, instead of down, I feel we might have touched 8.
No sense going back and forth, everyone knows your position. You are not really saying anything new. You don't like MCOM because it has a low price and has not performed. Yet you are in love with the wireless dream that is no closer to being here than when it was hyped 2 years ago. You seem to have a strange double standard, made even stranger by the huge costs associated with the supposed competition and the fact that you ostensibly have no position in this stock.
With a grin,
have a nice weekend. |
