great day with price and volume,should continue,check Insider Report on IWM.
The Insider Group
Special Report
March 25, 1999
Infowave Wireless Messaging, Inc. - SPECIAL ALERT
Odd technical action has been occurring in the shares of Infowave
Wireless Messaging [Vancouver - IWM], which established an artificial
resistance level at $1.48/share. The underlying fundamentals driving
Infowave forward are clearly being ignored by a small group of
shareholders. We carefully investigated this matter to find out what or
who is behind it.
First, the fundamentals. Infowave is competing in a major arena. The
next smallest player, of which Infowave has the lowest market valuation,
is Research in Motion [NASDAQ - RIMM], whose market capitalization has
reached to about C$500 million in early February. The rest of the pack
include multi-billion global conglomerates. Many consider Infowave among
the leading players in this industry.
One of the world's larger telecommunications companies recently tested
Infowave's Office Enabler, along with every other wireless data
messaging product on the market. They reportedly chose Infowave's
product instead of any competitor for their mobile workforce. This is
rumor, and has yet to be announced. We have discovered there is a stream of
news releases, which when released, will confirm this allegation and greatly
improve your understanding at the tremendous inroads Infowave has made
within the wireless data messaging industry.
In various conversations with our sources, we were apprised that there
were a number of Fortune 100 companies that have paid Infowave to test
the Office Enabler with at the highest levels of their company. The
world's largest scrap metal company, a private enterprise, routinely
uses Infowave's Office Enabler among its mobile staff. The list of
companies that are currently testing the Office Enabler is very long.
The number of companies that have evolved into the Level 2 stage of
their trial - jumping from a minimum paid order of 25 units to 50 or 100
units - has been growing each week. Recent analyst comments about a
projection of $2 million revenues from the Office Enabler in this fiscal
year were not made lightly. That should be the minimum for the year, not
the maximum. As we confidently predicted, ahead of the analysts covering
this stock, Infowave would surpass the Q4 financial projections. It did
and we expect to be right about our statement about the wireless data
messaging revenues for FY1999.
Our investigation into Q1 FY1999 revenues from the Imaging Division
anticipates a quarter that should better Q4 performance. With this in
mind, why is the stock moving lower?
Once the selling pressure subsides, it is likely we should see an
onslaught of Infowave news releases.
-- Insider Group
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