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Technology Stocks : p-com (pcms)

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To: Rob L. who wrote (1105)	6/17/1999 2:57:00 PM
From: JakeStraw	Read Replies (4) of 1461

w3otc.com Company: P-COM,Inc. Ticker: OTCBB / PCMS Analyst: Lawrence S. Rule Firm: CIBC Oppenheimer Corp. Recommendation: Buy Target Price: $17.00 CIBC Oppheimer Corp. initiated coverage of P-Com, with a STRONG BUY rating. Oppenheimer reported that the company offers the only fully demonstrable system for broadband point-to-multipoint radio. The broadband multi-point radio is an emerging technology whose market Oppenheimer sees as continuing to improve. The company's PMP systems are in trials with a regional Bell company and with Winstar and Teligent. CIBC Oppenheimer expects 2000 EPS of $.70 at 25X and derives a 12-month target price of $17.00. P-COM manufactures short-haul millimeter wave radio systems. Posted 6/16/99 at 09:56:39

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