To: John Dunigan who wrote (1256 ) 11/29/1999 11:33:00 AM From: Tony A. Matthews Read Replies (1) | Respond to of 1848
<thoughts?> Here's some thoughts of someone from the WAVC Yahoo Club board. ===================== The REAL news!! belly_full_of_lard 11/29/1999 11:20 am EST I'm dissappointed in this message board with the lack of substance to your posts and obvious errors in the ones that claim substance. You guys should really be in better touch with the industry news. Firstly, there is no connection between Wi-Lan and WAVC. Secondly, to Allfish, read your press releases a little more carefully you would know that the AT&T wireless IPO relates to "mobile" wireless (cellular), not "fixed wireless". Thirdly, there's no big imminent announcement from Waverider. The real story is this. Earlier this year fixed wireless as an alternate last mile solution came back into fashion with the injection of $600 million of cash into Metricom from MCI/Worldcom and Partners. More importantly it has been well known that Cisco has been developing "fixed" wireless technology for it's IP routers. Their first big announcement however came about 20 days ago.dailynews.yahoo.com Another, "rumoured", announcement came last week that Cisco would be licencing Wi-Lan technology.biz.yahoo.com This is what's driving up Wi-Lan's stock price. And last but not least, Cisco made a big announcement today.biz.yahoo.com Are you starting to see the picture? Now for my opinion (read: this is where the facts stop and my analysis starts) Cisco as a very respected market leading company in the IP industry has brought credibility back into fixed wireless. Today's announcement has been favourable in exposing "fixed wireless" to the investment community. Not only that but Cisco are known as an aggressive acquirer of other "small" companies that have leading cutting edge technologies or are market leaders. Furthermore, fixed wireless is the only real viable alternative solution to getting access to the internet in Latin America, a market which happens to be accelerating at the moment (see the latest hot IPO of Terra Networks for more on this). With the all the news of late it is obvious that there is momentum in this sector. The market is putting 2 and 2 together and moving funds into quickly. The run-up of WAVC is a spillover effect of this (irrational) exuberence. To put it simply, what you are witnessing is hyping of WAVC stock based purely on speculation. The sector is becoming hot but once the dust settles a little you'll see a pull back in WAVC stock price. If you want to make some money I would recommend selling when you see the price pull back a little and buying back in again when it troughs. It is my believe although WAVC has a positive future it was overpriced at $1. B.F. Lard