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Technology Stocks : SBA Communications Corporation (SBAC) -- Ignore unavailable to you. Want to Upgrade?

To: caly who wrote (85)	11/12/1999 3:40:00 PM
From: richard p. martino	Read Replies (1) \| Respond to of 101

SBAC: Reports Strong Third Quarter Results Above Expectations Salomon Smith Barney Friday, November 12, 1999 --SUMMARY:--SBA Communications Corp.--Broadcasting * SBAC reported strong 3Q99 results above our expectations: Revenue of $24.6MM, TCF of $7.7MM, EBITDA of $2.9MM and ATCF loss/sh. of ($0.13) vs. our estimates of $21.1MM, $7.0MM, $2.3MM and ($0.14). * Rental revenue and cash flow were $7.1MM and $3.9MM vs. our estimates of $7.1MM and $3.8MM; Development revenue and CF were $17.5MM and $3.8MM vs. our estimates of $14.1MM and $3.1MM. * SBAC added 186 towers in 3Q (108 new builds and 78 acquired). * Recent agreement to purchase 34 towers from Nucentrix for $7MM is a prudent use of capital that boosts SBAC's presence in the MidWest. * SBAC conference call is at 10:00AM on 11/12/99 - # is 1-800-230-1092 * Maintain estimates pending conference call in the morning. * Maintain 2H (Outperform, High Risk) and $17 price target.

To: caly who wrote (85)	11/12/1999 5:47:00 PM
From: byhiselo	Read Replies (2) \| Respond to of 101

yep, i agree, this company will turn out to be a great wireless play imo hadn't really followed SBAC since selling at a loss from the ipo earlier in the year, bought some yesterday and added today, don't see a problem with the profit taking today and dt's exiting in the morning when it didn't show strength earnings were great, expenses will come in line didn't see much institutional buying today but expect that to change shortly since they were waiting for stability 12 is now the floor, possible short dip into the 11's and then 15+ very doable next week cheers