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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Spark who wrote (20435)	9/11/1999 3:19:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

Sparkie from post I ripped off from the Yahoo board regards NTRO---does look like a real comer. 605 of 610 Many of you will remember that Red Herring had NTRO as its #1 pick for the week of August 16 and giving it a "hot" temperature reading and stating: We've been watching Netro as it developed. Netro, based in San Jose, California, provides wireless networking equipment. Its product, AirStar, offers a single central radio network that provides telecommunications services to multiple points. The company believes this product is one of the first commercially available high-speed wireless telecommunications systems that provides integrated voice and high-speed data connections using a point-to-multipoint architecture. This IPO could be one of the best ones of the week. Why wireless telecommunications? Here is what RED HERRING had to say: "... The majority of venture capitalists we spoke with argued that the high cost of installing fiber-optic wires will result in increased demand for wireless alternatives ..." Taking it to the Netro American Wireless is keeping a low profile, but Mr. Fillat acknowledges that the market for 38-GHz data transport equipment has already become competitive. One rival could be Netro, a three-year-old Santa Clara firm in the process of closing a third round of $15 million. (To date, the company has raised more than $30 million from AT&T; Brentwood Associates; Norwest Venture Capital; Cisco Systems; US Venture Partners; Citibank; Vebacom GmbH; Robertson, Stephens & Co.; and Deutsche Morgan Grenfell.) Netro is currently focused on the European market because the European Economic Community has mandated the deregulation of the local loop in Western Europe by January 1998. Since August of last year, Netro has been delivering equipment that allows Asynchronous Transfer Mode and frame relay service over 38 GHz. One customer is Vebacom, which hopes to compete with Deutsche Telekom without paying for leased lines; at the same time, Netro also hopes to sell Deutsche Telekom equipment that will allow it to expand its coverage. Posted: 9/11/1999 11:41 am EDT as a reply to: Msg 604 by mamasan2000 Free Real-time Quotes. Instant Stock Alerts. Apply for IPOs. Click here! Related Links Quote & News Profile