Interesting little tidbit of information in today's Merrill Lynch research. I'll quote the pertinent paragraph word for word:
Responding to a query regarding WCOM's mobile wireless strategy, CEO Ebbers stated, "we don't have a wireless strategy," and then added. "we'd like to have a good wireless business but there's not a lot out there that helps our earnings." However, fixed, broadband wireless could be of interest, a point brought up by many other CEOs at the conference, including Sprint's Esrey, ICG's, and Global Crossing's Annunziata, which we believe has positive implications for Teligent (TGNT, $40 1/16, D-2-1-9), and ART (ARTT, RVW, 9 1/8). Our DCF-based price objective on TGNT is $48.
Two things stood out--first, WCII was not mentioned with ARTT and TGNT. This could have either positive or negative implications for WCII, depending on your point of view. Secondly, ARTT was noted as RVW, or "under review." It was not noted "not covered." |
