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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: mr. campbell who wrote (4730)7/5/2000 9:40:37 PM
From: Michael Brandon   of 5053
 
If Bizfon hits the market soon, that would provide ITE with a very good return as well. Haven't seen any particulars on PinPoint regarding ITE's number of shares, so I have no sense of what the potential is for it.

Also, Elastic may price pretty quickly - within five to six weeks. It was interesting to see their revenue for FY'99 was $8.2M with a Net Income of $(21.2M). If I recall, their revenue projection for the current year is around $40M, a 500% increase.

We'll soon see what the market makes of a technology that provides 2-way IP data traffic at 4 to 6 Mbps simultaneously with voice over a distance of 4+ miles using existing copper phone lines. It won't be viewed in the same way as a fiber optic or wireless communications infrastructure provider, but they've got a real leading edge technology. Judging from revenue growth, they're successfully tapping into target hospitality and multiple family dwelling markets.
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