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

To: SteveG who wrote (705)	9/29/1999 1:37:00 PM
From: SteveG	Read Replies (1) \| Respond to of 1860

snippets from PCS '99 (New Orleans last week) from CSFB's Cynthia Motz: WorldCom's Bernie Ebbers offers bullish outlook on wireless The conference concluded on Friday with a bullish presentation on the future of wireless by WorldCom president and CEO Bernie Ebbers. While there was ab-solutely no mention of news reports which surfaced that morning as to WorldCom holding talks to acquire Sprint (and with it, Sprint PCS), Ebbers acknowledged the growth potential of wireless in the future, at one point commenting “we better get busy,” presumably with regard to a wireless acquisition. Ebbers proposed the idea that there is no such thing as too much capacity in telecommunications, be-cause our “insatiable need for information” will lead us to develop applications that will stimulate more demand. While expressing confidence that demand for data will continue to explode, Ebbers endorsed forecasts of U.S. wireless pene-tration reaching 70% by 2007. Ebbers believes that success in wireless, along with the rest of telecom, will ultimately belong to those companies that are fo-cused on their customers' needs, rather than technology: “Technology is the tail, not the dog... make it the dog, and it will take you for a ride.” Ebbers stated that customers want simplified solutions that can be used anytime, anywhere, with open systems, and the option to pay on a usage basis or with one flat rate.