Telular stock rises after it completes device test
CHICAGO, Dec 1 (Reuters) - Telular <WRLS.O> telecommunications equipment company's share price jumped more than 70 percent on Wednesday after it reported successful market trials of a device that would let personal computer users access the Internet through a wireless cellular network instead of a telephone line.
Telular stock jumped 3-3/16 to 8-5/16 in afternoon trade on Nasdaq volume of 8.2 million.
8 days ago you could of bought this stock for 1.5 or so then sold for 20 4 days later, all on this modem. WHY? Sure doesn't look to be that special.
Greg
"We believe that investors are responding to this additional value-added feature in our products," Telular chief financial officer Jeffrey Herrmann told Reuters.
Herrmann said the new product, PhoneCell Fixed Wireless Terminals, provides Internet access through a serial port device, without using a PC modem hooked to a telephone line.
Computers hooked to the device, which is a box with a cellular transceiver, could accept information from a modem-connected PC over a wireless network, Herrmann said.
Although the speed of Internet connectivity over a cellular network is currently half of the 56K modems commonly used in households, Herrmann said Internet users might eventually access faster wireless Internet connections on laptop computers from any location in the same way that cell phone owners make phone calls.
The technology is compatible with Microsoft Corp.'s <MSFT.O> Windows operating systems, as well as e-mail applications, and is available for all major digital cellular and PCS standards.
Telular specializes in developing wireless telecommunications technology for standard phone systems, fax machines and computer modems.
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