Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Paul Allen's Wired World -- Ignore unavailable to you. Want to Upgrade?

To: Carolyn who wrote (218)	7/23/1999 10:51:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 361

Great story on Paul Allen internetwire.com Investment Opinion Circuit 2:00 PM Eastern Ibchannel.com Follows Lycos And Microsoft's Paul Allen Into Convergence Play - Wireless Broadband & Web Content Provider Usurf America May Become The Wireless Nemesis Of America Online IRVINE, CA -- (INTERNET WIRE) -- 07/22/99 -- Paul Allen, now worth over $30 billion, is the third wealthiest man in the world behind Microsoft (Nasdsaq: MSFT) Chairman Bill Gates and Berkshire Hathaway (NYSE: BRK.A) Chairman Warren Buffett. Most of that comes from his still hefty $22 billion stake in Microsoft, which Paul Allen co-founded and where he now serves as a board member. What makes Allen particularly interesting, though, is what he's done and continues to do with the rest of his resources by way of his Vulcan Ventures investment vehicle. Allen either owns or has taken a significant position in Metricom, High Speed Access (Nasdaq: HSAC), Northpoint Communications (Nasdaq: NPNT), Priceline.com (Nasdaq: PCLN), Beyond.com (Nasdaq: BYND), Egghead.com (Nasdaq: EGGS), Value America (Nasdaq: VUSA), CNet (Nasdaq: CNET), Net Perceptions (Nasdaq: NETP), Liquid Audio, and Hollywood Entertainment (Nasdaq: HLYW), drugstore.com, Ziff-Davis' (NYSE: ZD) ZDTV, and Go2Net that may eventually allow him to compete against America Online (NYSE: AOL) and other contenders such as @Home (Nasdaq: ATHM) for the future of converging interactive media. Vulcan Ventures most recent convergence investments include Metricom (Nasdaq: MCOM) and Lycos (Nasdaq: LCOS). Metricom recently announced that MCI WorldCom (Nasdaq: WCOM) and Vulcan Ventures, have together invested $600 million in the company's preferred stock at a price of $10 per share. MCOM designs, develops and markets wireless network products & services that provide low-cost, easy-to-use data communications that can be used in personal computer and industrial applications. Additionally, online network Lycos Inc. said July 20 it formed a $70 million venture capital fund, Lycos Ventures, L.P., with Paul Allen's Vulcan Ventures. Lycos's other partners in the fund include Vulcan Ventures, Bear Stearns Cos. Inc. as well as Japan's Sumitomo Corp. and Mirae Corp. of Korea. Why wireless/convergence? With the media convergence and communications revolution well underway, traditional market leaders are looking to broaden their service base by acquiring or investing in smaller, more agile companies like IBC's current featured company, USURF America (OTCBB: USRF), which has aggressively been converging wireless with web content through acquisitions and organic growth. With major telco players like MCI who are "desperate for nationwide wireless assets" USURF America may even be a potential takeover target. Converging wireless technology with the acquisition of www.Usurf.com , its e-commerce portal www.e-tail.com , and www.CyberHighway.com now positions USURF America www.usrf.com to become the wireless nemesis of America Online. USURF America is quickly becoming a widely-known Wireless national Internet Service Provider (ISP), and e-commerce gateway for Internet consumers to over 100 of the most popular Internet retail destinations. USURF America has recently made significant news announcements including: July 19 ``Top Growth Wireless Company of the Year' July 15 USURF America Acquires Web Portal USURF.com July 14 USURF America Retains Integrated Marketing Firm as Part of Move to Become a National ISP July 12 Internet Media Corporation Changes Name to USURF America, Inc. June 24 US.RF Quick-Cell Wireless Internet System Deployed Not only has Usurf America acquired approximately 27,000 dial-up Internet access subscribers and a state-of-the-art Network Operations Center, the company also gained immediate access to customers in over 230 markets in which a CyberHighway-owned or affiliate-ISP provides Internet services. The Company intends to establish a Wireless Internet access system in nearly 50 of these CyberHighway markets by the end of the third quarter of 1999. Usurf's Quick-Cell Wireless Internet System can be deployed in a week or less. USURF manages the equipment, which uses the 900- or 2,400-MHz bands, and charges the ISP a monthly licensing fee. ISPs can offer Quick-Cell wireless access for 40 to 50 percent less than the typical cost of a T1. Disclaimer: IBC has received compensation for services - Usurf America paid 500,000 shares. --------------------------------------------------------------------------------