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Who needs a cable modem, if you've Wavephore software and std cable?
Jeff, you've put your finger on the revolutionary business model presented by WAVO. It provides a way for users with a cheap (less than $100 and soon to be standard equipment) TV tuner and standard cable to get information channels that will be provided by the broadcasters, rather than the cable companies. This is a boon to Public TV, which is nice, because PBS is ahead of the others. You can be sure MSNBC will be there quickly, also.
Everyone with standard cable now has the potential to get dozens of "channels" of data without buying a 'cable modem' and without tying up their phone line. I suspect that this will be attractive for many users. Its also going to use up a lot of disc drive space for the local overnight caching (good news for IOM, INVX, et al).
Whether PC Magazine likes this or not is irrelevant. It is an alternative information delivery medium that utilizes existing infrastructure and technology. An excellent business plan which, in my opinion, makes it important for most broadcasters to buy and install WAVO head-end equipment. Something that INTC must have thought of when they bought 500,000 shares (about 10%) of WAVO last year around 9/24/96 at $8/share.
I bought my few shares between then and Feb 97, at an average cost below $8. I'm happy, and see WAVO as having excellent long term prospects and powerful patrons (INTC, MSFT). I attribute the recent consolidation as those folks who bought about 5 weeks ago at $7 taking their 70% profit (840% annualized) to the bank. Me, I like Warren Buffet's approach: "my preferred holding period is forever" ).
Doug (long WAVO below $8 and holding on tight for a sustained ride on this underdiscovered stock) |
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