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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: Ron Everest who wrote (1254)	11/28/1999 6:42:00 AM
From: Shumway	Respond to of 1848

borrowed from the yahoo-club (thanks allfish): Reason for price jump. Yesterday I postulated several reasons for the bug jump in price, including an AT&T announcement. Well, that is it. The lead story in the business section today 11/27 in the Chicago Tribune (www.chicagotribune.com) is "Possible wireless IPO fuels Telular stock. AT&T offering could generate more interest in sector companies." The story was dealing with the rumored "reports that AT&T may have an initial public offering of its wireless tracking stock." ..."The WSJ reported Friday that such an IPO could be the largest ever, raising as much as $8 billion to $10 billion." The CFO of Tellular "speculated the jump was related to AT&Ts potential move to use wireless methods in addition to cable." What this really tells me is that AT&T sees an industry about to grow as projected and they want a piece of the action. I do not think they would become involved unless a huge potential is there, exactly like Yankee Group is projecting (6.5 billion by end 2004). I think it is even more important when you think of the huge chunk of money used to buyout TCI cable and all that will entail in the upgrading. Obviously going forward, they see 3 ways to provide internet in the future: copper wires(DSL), cable, and wireless. Now that AT&T is about to validate the wireless internet industry, I think there are only 3 questions for Waverider shareholders: 1. At what time in next few months will it attain regular Nasdaq listing? 2. At what time in the next 1-2 years will Waverider be bought out? 3. At what price? The stock is a local area company. Normal volume 47,000 - friday 12.5 million. Another company Emcee Broadcast Products Inc. normal volume 50,000 friday 1.9 million. Might be worth posting on Raging Bull if someone a member. allfish