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Technology Stocks : PWAV- the hot new IPO

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To: Mike Winn who wrote (529)	1/11/1998 7:13:00 AM
From: mike.com	Read Replies (2) of 1491

Brian Modoff, who follows Powerwave for BT Alex Brown Inc., agreed with Lin's assessment...."if you dig a little dipper(sp) you find that they have better sales domestically." If you dig a little deeper you'll find Alex Brown as one of the principals in the secondary offering that came in July of last year at $22. Lin said another reason he is bullish on Powerwaves long-term prospects is that the wireless communications business in South Korea isn't likely to suffer as much as other industries. I wonder what Lin considers long-term? The company's 10Q clearly points out that the Korean project is expected to be completed by the end of 1998 so, unless they begin another project of that scope, it looks as if the growth rate is unsustainable. Comments anyone?

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