Even though I own CSCO,I believe CMTN will be bigger than Covad and Rhythm....DSL is exploding on the scene,faster than cable-modem.............As may be expected, this is another growth company that has never seen its way out of
the red, and has an admittedly short
operating history. However the $6.5 million loss in FY 1998 could be overlooked in
light of the fantastic growth potential within
this industry. And who could be unimpressed by a 10,241% growth in revenues over
the previous year. In a mere 12 months
the company moved from $211 thousand to $21.8 million in sales. Products are
distributed through a direct sales force and
selected OEMs and distributors to customers such as NorthPoint comunications,
Rhythms NetConnections, ICG
Communications, and UUNET, a subsidiary of MCI WorldCom Inc. Copper Mountain
has also formed key strategic
relationships with Lucent Technologies and 3Com Corp.
And while it is true that this firm relies upon a small number of customers, the strength of
management will likely facilitate the
entrance into new agreements as more and more companies look to join the race to roll
out DSL. Management boasts broad
expertise in telecommunications, networking, wireless. and Internet software gained
from companies such as ADC
Telecommunications, AT&T Bell Laboratories, Paradyne, Cisco, and Intel.
In short, Copper Mountain is witnessing the demand for faster connectivity grow
exponentially in tandem with the burgeoning of
the Internet as a marketplace. And it is this reporter's opinion that Copper Mountain has
a pulse on this red-hot market.
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