SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : METRICOM - Wireless Data Communications -- Ignore unavailable to you. Want to Upgrade?

To: vibaby who wrote (1094)6/24/1999 1:29:00 PM
From: Snow Shoe  Respond to of 3376
 
MCOM will have a market cap of 600M in short order. How do I arrive at this? My prediction is based on a very similar stock that I missed out on. Lucent Technologies invested $1 billion in Winstar Communications not to long ago in the form of equipment they needed to provide their service. Winstar provides point to point broadband service for companies through land based transmissions avoiding the need for running cable. The stock traded at about $24 when the capital injection was announced. It subsequently doubled in less than a year. I see MCOM as a very similar story. In today :0).



To: vibaby who wrote (1094)6/24/1999 3:28:00 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 3376
 
When you add in the dilution from the Vulcan Venture/MCI WorldCom deal, the market cap works out to approximately $1.344 billion. As of April 23, 1999, there were 19,032,741 shares outstanding. The $600.0 MM buys 60 MM preferred shares, each of which is convertible into one share of common stock. (19,032,771 + 60,000,000) times $17/share = $1.344 billion.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News