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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]
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To: SteveG who wrote (127)5/4/1999 12:38:00 AM
From: Bernard Levy  Read Replies (2) of 1860
 
Hi Steve:

The valuation you quote covers licenses + existing
operations. I am not enough familiar with the extent
of Videotron's operations to put a number on this
second component. Also, keep in mind that the MMDS
spectrum supports more bandwidth efficient modulation
schemes and allows the use of cheaper equipment
than the LMDS spectrum.

Although I am willing to be as exhuberant as any other, my
gut feeling is that wireless valuations are at the other
extreme of what they were last October, i.e., enjoy while
they last.

Best regards,

Bernard Levy
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