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To: Mark Fowler who wrote (83293)	11/5/1999 10:38:00 PM
From: H James Morris	Respond to of 164684

Mark, what a great week other than Oil.:-) Charter communications next. If you have communications in your name you can't miss, and if you can include wireless its perfect. <<San Diego, California, Nov. 5 (Bloomberg) -- Wireless Facilities Inc., which helps design, build and manage wireless telephone networks, more than quadrupled in its first day of trading after the company's initial share sale. The San Diego, California-based company rose 47 to 62 in trading of 14.1 million shares. It sold 4 million shares yesterday at $15 each. The surge gave the company a market value of $2.48 billion. Wireless Facilities is benefiting from interest in companies that are involved in building telecommunications networks. For example, Cobalt Networks Inc., which makes special computer servers for the Internet, soared sevenfold in its first day of trading. Telecommunications companies want to send voice, data and video over traditional wired and wireless networks. ``Networking has been the overlying theme in this IPO cycle,' said Ben Holmes, president of ipoPros.com, a Boulder, Colorado-based research firm that specialized in initial public offerings. ``The real story on this one is that they are profitable.' Investors have realized the role played by such networking companies in helping to build the new communications networks. ``Networking is the picks and shovels of this information revolution,' Holmes said. Credit Suisse First Boston managed the share sale. Nov/05/1999 16:32 >>