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Technology Stocks : Elastic Networks: ELAS (Nasdaq) ELAS
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To: Condor who started this subject11/29/2000 12:26:22 PM
From: teevee  Read Replies (3) of 173
 
ELAS is in a dead end business and the market knows it. Deployment of wireless stationary modems is only 24 months away at the outside. The user speed and reliability will greater, the range further, deployment faster and costs lower for telco's, ISPs and subscribers. Wireless will also be a serious threat to the cable companies market share too. It appears that ELAS is headed towards penny stock status on the way to oblivion. As for ELAS seed stock subscribers like ITE, I would expect they are tripping over each other in a race to knock out every bid as they salvage as much capital as possible.
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