Thanx Dave:
To: David Vinge (440 )
From: Dave Gore
Monday, Mar 15 1999 10:09PM ET
Reply # of 454
A GORE REPORT: ** WLGS ** Book Value of $1 and on sale for 23 Cents.
Much of this info is from Doug Haffler at WLGS, perhaps the best IR guy I have
spoken to in years. CALL HIM WITH ANY QUESTIONS....no need for speculation
or unanswered questions. He's the "Answer Man"
CONTACT: World Wide Wireless Communications, Inc.
Douglas P. Haffer, 415/956-9190
A respected firm called Holt Media Group (apparently 35+ yrs in business) recently
valued the assets of World Wide
Wireless at $39 million or over $1.00 per share on current assets... and $6.25 per share
on future assets (of course they must execute)
Is this stock really a bargain? And what is it about?
World Wide Wireless is involved in 3 primary areas:
(1) Purchased a profitable very well established phone co. in Puerto Rico with $500K
revenue per month ($6 MILLION per year)
(2) Is the ONLY national system provider with an FCC approved high speed license
(this license alone is valued at $25 million if I understood correctly). Very high speed
Wireless Internet is the big push (1.5 mb/sec) with 11 different US locations planned
and available
to use anytime (and 29 more licenses being approved or under application
consideration). With their recent ramped up expansion in Europe, a target date of July
1st in Germany, and Poland, Czechoslovakia by year end is planned. The beta test site
has been operating in Northern CA for many months.
(3) THE BIGGEE (more speculative but even more exciting): they have a "patent
pending" technology using a chip that allows portable phones to act as repeaters or
relays. Actually 4 of 12 submissions have already been approved bythe patent office.
This chip technology is potentially huge in countries where infrastructure costs would be
staggering. No cell site is needed as the cell phone itself with this proprietary chip acts to
extend coverage 10-20 miles. So if there are phones at least that close to one another
they will extend coverage throughout an entire country with no major infrastructure.
BUT LET's THINK BIGGER:: How about if they can convince a Compaq or
Dell to put their proprietary chip in each one of their computers ir Intel on a logic
board?
SO........WHAT IS THIS COMPANY WORTH? Read below: I am trying to get
hold of this report and do some DD on Holt Media. I have only found that Holt has an
under construction website and is a 35-40 yr old company, apparently well respected,
that work primarily in the TV/radio/ communication industry.
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 11, 1998--The Holt Media
Group (HMG) has issued its market valuation update on the assets of
World Wide Wireless Communications, Inc. (OTC BB:WLGS) and has
appraised those assets at $39,000,000 current value and $250,000,000
future value.
HMG's appraisal is set out in a 59-page document in which the
company and the industry are carefully analyzed and reviewed.
O/S: 37 mil
Float: 16 mil
Restricted shares of 20 mil for recent purchase of the Puerto Rican phone company that
adds $6 mil per year in revenue.
DAVE
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