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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet

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To: Chisy who wrote (1535)	5/19/2000 9:22:00 AM
From: Shumway	Read Replies (1) of 1848

CC summary (borrowed from Ragingbull): Backlog up from $15 to $20 m for LMS 2000, 3000. NCL not included in backlog due to short deliver time. Sold several thousands NCL products in 30 countries. Expect Mexico contracts with carriers shortly, under negotiation. Sold 50 systems in Japan. Signed up several resellers in China. Bell Canada one of customers. North Rock in Bermuda signing up customers. A flew glitches in LMS 2000, nothing serious. Commercial products to be shipped by end of the month. $16 m in cash & equivalent. No more +going concern+ on SEC reports. No longer a development company. Responded to NASD questions, conference call with NASD analyst tomorrow morning.

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