James,
Think they are aggressively building the system out. Once it is done it should be low maintaince expense. Also incurring expense of subscriber installations at this point. Start ups of this nature have major up front expenses. The $6mm debt is really low if you stop and think about it. Look at the last financial report and note the subscriber growth. They should hit a point that cash flow will cover expenses. Loans are being used rather then equity so that stock is not diluted. Hopefully, we have some good news on subscriber growth this quarter.
Here is another company planning to offer LMDS equipment.
NW
Subj: Alcatel Appoints New Executives for Its U.S. Radio Group
Date: 98-01-22 09:18:35 EST
Alcatel Appoints New Executives for Its U.S. Radio Group
RICHARDSON, Texas--(BUSINESS WIRE)--Jan. 22, 1998--Alcatel Network Systems, Inc., a unit of Alcatel Alsthom based here, has named three executives to key positions serving the company's rapidly expanding Radio Products group: Jerry Lambert, Senior Director of Network Engineering and Customer Support; Allyson Sharp, Director, Marketing and Business Development; and Jerry Webster, Director, Broadband Radio Access Products.
In his new position, Lambert is responsible for program management, systems engineering, training, installation and testing. Lambert brings more than 30 years of experience in telecommunications to his new position, including work in the PCS (personal communications services) market and leading a Rockwell team that established Saudi Arabia's microwave network.
Sharp will be responsible for the group's marketing and business development efforts. She brings more than 20 years of Alcatel and Rockwell experience in sales, marketing and product management to her new position.
Webster will lead the team introducing Alcatel's new 9900 WW Broadband Radio Access system to the marketplace, with emphasis on the LMDS (local multipoint distribution service) sector. He brings more than 20 years of research and development experience in the areas of software, design and systems engineering to his new position.
Lambert, Sharp and Webster will report to Dave Kimzey, vice president and general manager of the Radio Products group. The appointment of these three executives reflects Alcatel's current expansion of its Radio Products group, with the introduction of its 9900 WW radio. The 9900 WW enables operators of new access networks (such as CLECs -- competitive local exchange carriers) to quickly and economically provide a wide range of voice and data communications services to business clients in urban or suburban areas. Alcatel is the world leader in the manufacture and deployment of microwave network transmission systems.
Alcatel, the Telecom segment of Alcatel Alsthom, designs, manufactures, and markets complete telecommunications systems. Activities include fixed switching networks, transmission systems, access systems, mobile communications infrastructure, business networking, submarine cable networks, as well as radiocommunications, space, and defense systems. With operations in over 130 countries, Alcatel is a leading-edge supplier in the majority of its businesses. In 1996, these activities registered total sales of FF 71 billion
($13.65 billion). Alcatel Alsthom trades on the Bourse de Paris and the New York Stock Exchange (NYSE:ALA). Visit Alcatel via the web at www.alcatel.com . -0- Contacts for Alcatel Alsthom Investor Relations (Paris): Anne Guimard, tel. (33.1) 40 76 13 93
E-mail: anne.guimard@ahqps.alcatel.fr
or
Charlotte Laurent-Ottomane, tel. (33.1) 40 76 13 30
E-mail: ottomane@ahqps.alcatel.fr
Fax (for both): (33.1) 40 76 14 05
or
U.K. media contact: Barrington Lloyd International, tel. +44 (0) 1799 506 187
E-mail: or barry.lloyd@bli.co.uk
CONTACT:
Alcatel, Richardson
Michael Newsom, 972/996-7896
Internet: michael-newsom@aud.alcatel.com |
