Speaking of regaining analysts' confidence, one of the projections Mr. Lutz made in his last cc referred to access revenues and I know for a fact one well-respected U.S. firm was skeptical about the division being able to deliver. I hope they noticed ACCESS just got over half a billion in contracts.
For those who want to study LMDS, here's the definitive site:
ajs2.com
To clear the record on the two recent announcements, NN did not release them. WIC Connexus and MaxLink were responsible for their respective news. NN's releases come out of Kanata, Ontario.
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WIC Connexus Selects Newbridge Networks And Alcatel For World's Largest LMCS Build-Out
TORONTO, CANADA, August 19, 1998 -- John Lacey, President and CEO of WIC Western International Communications Ltd., announced today that WIC Connexus has selected both Newbridge Networks Corporation and Alcatel to be the Company's key equipment supplier for its $450-$500 million national local multipoint communications system (LMCS) infrastructure. Canada's largest advanced, wireless, broadband telecommunications network will be rolled out in all regions of Canada, beginning in Toronto in the first quarter of 1999.
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Maxlink Announces First Commercial Build Of Local Multipoint Communication System Network
OTTAWA, ONTARIO, August 19, 1998 -- MaxLink Communications Inc, following a meeting of its Board of Directors held today in Ottawa at which it reviewed its field operations, announced the Company has recently signed purchase orders for delivery and deployment by Newbridge Networks of the first commercial Local Multipoint Communication System (LMCS) network in Canada.
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Ian's right on the numbers. And you're right to say the company needs to beat estimates for the analysts to come back. From what I hear, Mr. Lutz has made great inroads into getting their attention. Those I noted on the last two CC's: Bear Stearns, Goldman Sachs, Cowen, Warburg Dillon Read, RBC Dominion, CS First Boston (just merged with DMG), Scotia (?), DLJ, Robertson Stevens, BT Alex Brown, CIBC Wood Gundy, and H&Q. I may have missed a few. But the point being, they're at least listening and asking questions.
As for when to get back in a stock, I have to agree with Ian. I'd much rather load the truck when the analysts are loading theirs than wait for them to initiate or upgrade and have to pay a premium.
Just my take.
Night ---
Pat |
