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

To: LTK007 who wrote (20456)	9/12/1999 4:33:00 PM
From: Spark	Read Replies (1) \| Respond to of 56535

NTRO - The good news is spreading... STOCKS ANALYSIS Sep 11 1999 6:02AM ET More on Nuthin But Net... Netro Soars on Broadband-Wireless Hopes by Hal Plotkin Silicon Valley Correspondent Netro Corp.'s {NTRO} stock price has soared since its recent IPO, reflecting hopes that the company's alliance with Lucent Technologies Inc. {LU} will make it a dominant player in the rapidly growing broadband-wireless market. "They have excellent technology, and there's going to be a huge global market for their products," says Hongjun Li, director of research at Parks Associates, a telecommunications market-research firm based in New York. San Jose, Calif.-based Netro sells broadband-wireless access systems to telecom providers, such as telephone companies and Internet service providers. The company went public on Aug. 19 at $8 a share. The stock skyrocketed on the first day of trading, up 84 percent, hitting $14.75. More recently, Netro shares have been changing hands at more than three times that price. NTRO stock performance since its recent IPO Industry analysts say Netro is the company to watch in an industry that's poised to explode over the next few years. Overall, the market for broadband-wireless equipment is expected to grow at an annual compound rate of 26.6 percent, from $330 million last year to more than $3.73 billion by 2005, according to Frost & Sullivan, a market-research firm based in Menlo Park, Calif. "The market is still in its embryonic stages," says Greg Naderi, an information-technology analyst at Frost &Sullivan. "But the overall industry sentiment is that our estimates may even be a little on the conservative side." Netro's popularity with analysts stems from strong demand for wireless broadband, or high-speed telecom services. The company's technology allows an ISP or telecom company to bypass local telephone companies and bring inexpensive high-speed telecom services, including voice and Internet access, directly to consumers. "We believe that broadband data technologies represent the next major growth opportunity for the wireless industry," Eric C. Zimits, an analyst at Hambrecht & Quist, based in San Francisco, wrote in a recent report.