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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions
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To: Lionel Parker Perkins III who wrote (250)5/19/1999 10:00:00 PM
From: TheSlowLane  Read Replies (1) of 353
 
Thanks Lionel. Of course, the trick isn't just to buy early. You also need to buy the right ones. I concur with your take on MMG and have been settled in for the long wait for some time already. I bought shares in the custodial accounts I set up for my daughters a few months ago. The domestic broadband plays that have been appreciating rapidly lately are demonstrating the soundness of the approach that MMG is pursuing (particularly in regard to the use of fixed wireless in the local loop). Along those lines, AT&T made an announcement today regarding Project Angel, which is...fixed wireless in the local loop. I'm not a stockbroker, but I'll see your tip and raise you one. TeraGlobal (TGCC). Mort Meyerson like it. A lot. Jack Cecil likes it. So does Larry LaCerte. And Wayne Peterson and Sean Coughlin and Bill McCoy. How is it that a 40-person, bulletin-board-listed company with no announced customers and no shipping products and no revenue to speak of can command a market cap of ~200 million and attract people that I listed above as investors, Directors and Advisory Board members? I started buying back in October, right before Mort got involved. Once he did, the stock went from 4 to 10 and has pretty much stayed there since. Check it out, I think you might like it, too. At the very least, I think it will provide some entertainment while we wait for MMG to develop. Converged networks are being made possible by the types of broadband network facilities that companies like MMG are deploying. I think that segment could be one of the next big things. Cheers!
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