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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: SteveG who wrote (503)	7/28/1999 5:33:00 PM
From: Mazman	Read Replies (1) \| Respond to of 1860

Pulled this from another thread... Shares of Teligent Inc. (TGNT) rose to a 52-week high Wednesday for the second day in a row, a climb the company linked to increased investor interest in the wireless-cable industry. "While we do not have any announcement planned ... there has been an increasing focus in recent days on the fixed-wireless solution as a way to break the bandwidth bottleneck in the local loop," Teligent spokesman Robert Stewart said. "That focus has resulted from the deals that have been announced recently or closed recently by Sprint and MCI in the MMDS (multipoint to multipoint distribution services) spectrum," Stewart said, "which has clearly focused the market's attention on using a fixed wireless solution to deliver broadband services to customers." Sprint Corp. (FON) and MCI WorldCom Inc. (WCOM) have been buying wireless cable operators in an effort to use their technology for high-speed Internet access as well as phone service. Teligent, based in Vienna, Va., uses wireless technology to offer business customers local and long-distance voice and high-speed data, including Internet services, in 29 U.S. markets. Teligent shares recently were up 5 7/8, or 8.6%, to 74 1/2 on Nasdaq volume of 721,300, compared with average daily volume of 295,600. Earlier, they reached an intraday high of 75, easily surpassing the 52-week high of 69 set Tuesday. The stock has risen more than 16% in two days. "The broadband wireless area is an attractive area, with Teligent being a strong player in that area," analyst Brad Peery of Brad Peery Inc. said. More than 95% of phone customers are served by twisted copper-pair wires, which can deliver maximum Internet connections of 56 kilobytes per second, according to Stewart. Several technologies are vying to replace those wires with the higher speeds customers want, he said, and fixed-wireless has emerged as an attractive contender. Regards, Mazman