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Technology Stocks : PC Sector Round Table

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To: Yogi - Paul who wrote (1654)4/9/1999 9:17:00 PM
From: Mark Oliver  Read Replies (2) of 2025
 
Back on March 30th, I tried to bring an interesting development to your attention. I'm wondering if any of you notice, or even bought some shares because it's turned out to be very good.

Message 8600164
Well, anyway the shares of this company have gone from about 2 1/8 to over 6 today with an intra day high of near 8.

At the time, I said this was due to verification of the technology to deliver very high speed TV and 2 way data on a wireless spectrum known as MMDS. The verification came from MCI taking a holding in the company saying this could provide them with a last mile solution.

Well, today Sprint also took a position in this company and the market loved it. dailynews.yahoo.com

I was too slow to add to my position because I've held this company for so long and it was one of the big dogs of my portfolio. Earlier last year I saw some large blocks, over 5% bought by Fidelity and I thought maybe that was a strong buy signal. The price then was at or below $1.
There was a discussion about Iridium and at that time I said I would be reluctant to invest in this project until it was clear that regulatory agencies would back it, mostly due to my experiences with this company.

In November, it appears MMDS has passed most hurdles that kept it from deploying seriously. This wireless technology has amazing possibility.

I'm still interested to know what you think. I won't be buying the 10000 shares at $2 now, but I'm still thinking it might be a good buy.

Regards,

Mark
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