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Technology Stocks : p-com (pcms)

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To: Boonear Siangchin who wrote (1170)	11/10/1999 7:59:00 PM
From: Rob Preuss	Read Replies (2) of 1461

Poor management. Aging technology for point-to-point radio systems. Financially weak. Good new technology for point-to-multipoint radio systems, recently "endorsed" by a big contract from Winstar. (While the ultimate value of this contract may be as much as $500M, the share that P-Com is likely to see is more like $200M.) Basically, their point-to-multipoint radio is the one thing this company has going for it. But, the stock price fluctuates quite a bit so if you have the stomach for it, this stock can make a decent trading vehicle. Last Dec I was looking at this stock at around $3/sh and was scared away by the looks of some financial deals they were making, but (with help from a barrage of company press releases for every tiny contract they could win) the stock soared to near $10/sh and some folks made a lot of money. Rob

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