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Gold/Mining/Energy : Infowave Wireless Messaging IW:TSE -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (1088)	12/13/1999 9:08:00 AM
From: Tom Drolet	Read Replies (1) \| Respond to of 1690

Infowave Software Update (TSE:IW) Golden Capital Issues a Price Target of $25 On December 8, 1999, Golden Capital Analyst J. Marlowe revised his projections, giving Infowave a price target of $25 based on Infowave's joint marketing alliance with Bell Atlantic Mobile, the growth projections for the wireless data industry and the valuations currently being placed on Infowave's peers. "Although Infowave has appreciated considerably over the last month and a half, the stock still has considerable upside," said Mr. Marlowe. "When viewed alongside other wireless companies such as Research in Motion (NASDAQ:RIMM), Phone.com (NASDAQ:PHCM) and Aether Systems (NASDAQ:AETH), which all have multi-billion dollar valuations despite their relatively small - but rapidly growing - revenues, Infowave has considerable room to grow as its products penetrate the market." Infowave also recently announced that it has entered into a joint marketing agreement with Bell Atlantic Mobile (NYSE:BEL), the largest wireless service provider on the East Coast, to enhance Bell Atlantic's suite of wireless data and Internet services through data compression, optimized web browsers and Microsoft Outlook/Exchange applications. "Providing wireless access to corporate and enterprise data has always been an important market for Bell Atlantic Mobile and teaming up with Infowave offers us another avenue of distribution in this key market," said Robert Hirsh, executive director of Wireless Data Sales and Marketing for Bell Atlantic Mobile. "In fact, our wireless Internet customers are both our largest data customer segment, and fastest growing as well." On December 10, Infowave announced that it has joined the Phone.com Alliance Program to deliver valuable tools and highly leveraged sales and marketing programs to its members as well as providing direct access to Phone.com's wireless carrier and device manufacturer partners. "Infowave already delivers compelling and robust wireless solutions to corporations and we are delighted to see them bringing that enterprise expertise to Phone.com-enabled wireless phones," says Phone.com's Director of Developer Marketing Kathy Simpson. "The corporate market has very specific wireless application needs and we are happy to be working with Infowave, a company who focuses on this market." For a full copy of the report please contact The Investor Relations Group at 1-800-444-9214 or visit Infowave's Web site at www.infowave.com. This is not an offer to buy or sell securities. Information or opinions in this report are presented solely for informative purposes, and are not intended nor should be construed as investment advice. Companies mentioned herein may carry a high investment risk; readers should carefully review the company with their investment adviser. To unsubscribe send an email to infowave@invrel.com and type unsubscribe in the subject box.