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Technology Stocks : PWAV- the hot new IPO

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To: Medisco who wrote (769)1/31/1998 4:16:00 PM
From: Mike Winn  Read Replies (1) of 1491
 
I think if PWAV can sign up major contract with Nokia and/or NT, then this stock has the potential of going back to its old high. There is no difference between the company today than 6 months ago except for the fear of the Korean economy. Unlike other companies that are already affected by the Asian flu, this company still showed sequential growth in revenue last quarter.

PWAV has already a feet in the door of Nokia and NT. From the news report, it looks like it takes about a year working with those phone companies in developing news products before a contract could be signed. PWave has already passed that milestone. I second guess that a major contract with Nokia or NT will be signed before the end of this quarter.

It's still not too late to buy at this price.
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