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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet
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To: jean1057 who wrote (912)5/6/1999 5:02:00 PM
From: Fred Mussler  Read Replies (3) of 1848
 
I just finished listening to the conference and asked a question that I thought everyone here might like to hear the answer to.

I think the Conference Call is recorded on their site and everyone should listen- theres lots of valuable info on it.

First I got the impression that everything is under control: All products work well, are selling well through increasingly well set up marketing channels.

Bruce Sinclair stated that he is not happy with the rather neutral reaction the China and Jamiaca success's were met with as far as stock movement is concerned.

I pressed for some forcast figures with my one question and he reiterated what we have read: wireless is becoming increasingly popular with analysts he talks to on a weekly basis. Industry forecasts are for $2-$3 billion in industry sales within 24-48 months- and he is certain that WAVC can get 5-10% of it or $100-300 million yearly sales. I personally feel with their team that is conservative, but thats his estimate.

No percentage profits were mentioned - we'll have to push for that- but it must amount to 20% before taxes (my low estimate)- someone can figure what that amounts to per share - then multiply times 8 or 80 and forecast what the company is worth- it'll be a heck of a lot more that $2.00 per share thats for sure.

Good Trading;

Fred
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