World Wide Wireless Communications, Inc.
Symbol
Date of Tip
Price as of Tip
Target Price
Time Frame
WLGS
5.3.99
$2.78
$6.00+
mid term
investment-guide.com
Worldwide Wireless, a Nevada corporation has acquired and/or developed proprietary
technology, licenses and communications infrastructure to position the company on the
leading edge of "next generation" developments in high-speed Internet access (Internet
Division) and digital cellular (PCS) phone research (Super-PCS Division). WWWC will operate
through these two divisions as separately managed and financed profit centers. A recent
WWW research update states that as the century turns, multimillion transistor microchips are
being made that, within a year or two, will effect what will probably be the next major change
for the 21st century. They will usher in the era of free worldwide wireless communications.
WWW announced April 19th, its projected schedule for commencement of revenue generating
services on eleven of its FCC-licensed MDS channel groups. According to the Company, it is
anticipated that one new location, in addition to the single channel site already in operation in
the San Francisco Bay Area, will open every three months, commencing in July 1999. The
Company anticipates operations to next start-up service in San Diego, County, California,
followed by a joint commencement of operations through its licenses at South Bend, Indiana
and Grand Rapids, Michigan. Shortly thereafter, the Company plans to begin service in Vail
and Aspen, Colorado, Key West, Florida, St. Croix, Virgin Islands, Ukiah, California and
elsewhere.
Excitement has grown in the MDS wireless Internet industry since the recent announcements
by both MCI and Sprint of their entry into the market. Having acquired struggling companies
burdened by significant indebtedness incurred principally by failed attempts at establishing
analog wireless cable-television operations, both MCI and Sprint have focused new attention,
and created the prospect of additional interest by equipment manufacturers, to a sector of the
Internet ''highway'' previously overlooked by investors. WWW reported today that the
appraised market value of the Company is $80 million present value and $350 million future
value. On December 1, 1998, their appraised value was $39 million and a future value of $250
million. They doubled in value in 6 months. This stock has soared over the last month but we
are still seeing a lot of people just becoming aware of this company and taking a position in
it. Look for continued short term and long term price increases in this companies stock. If
the company is bought out look for triple our Target price. |
