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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: werefrog who wrote (39581)	3/20/2000 11:40:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 74651

MSFT and Wi-Lan(win.to).......Wi-Lan Stock Surges 18 Percent on Bullish Report TORONTO (Reuters) - Shares of Canadian tech start-up Wi-Lan Inc. (Toronto:WIN.TO - news) surged more than 18 percent on Monday on a bullish analyst's report. They were also helped higher in a delayed reaction to Microsoft Corp.'s (NasdaqNM:MSFT - news) endorsement of the type of high-speed wireless standard being developed by the company. Wi-Lan holds patents on W-OFDM (wideband orthogonal frequency division) high-speed wireless transmission. Its shares closed up C$13.05 at C$85.00 on the Toronto Stock Exchange on Monday. On Friday, CIBC World Markets initiated research coverage on Wi-Lan with a bullish 12-month target price of C$200 a share. CIBC's Todd Coupland said in the report that he expects Wi-Lan to increase revenue to C$21 million in 2000 and $80 million in 2001, up from $5.9 million of product sales in 1999. The report followed on news last Tuesday that Microsoft had endorsed the creation of an OFDM standard after a meeting of officials from Wi-Lan, Nokia Corp., L.M. Ericsson Telephone Co. Inc., Philips Electronics NV, Sony Corp. and a host of other technology companies led to an agreement to create an OFDM forum to support that standard. ``The CIBC report has had an impact (on the stock price) as well as the OFDM forum last week, which didn't have an immediate impact on the stock,' said Rob Millham, an analyst at Research Capital Corp., who has been a strong supporter of Wi-Lan since its early days. ``This doesn't secure Wi-Lan's position as a leader but it certainly puts them in a more favorable position,' he added. To date, Wi-Lan has entered into a supply agreement with Telia Globalcast Internetworking to develop a high-speed wireless network in Sweden. Also, the company has a licensing deal with the semiconductor unit of Philips Electronics NV to include its technology in a set-top box microchip that is currently under development. Millham said the Philips deal is ``probably the best third-party verification of their technology' to date, and he is looking for the company to announce additional licensing agreements over the next six months. ``If over the next six months we do not see more people follow Philips then one of two things: Wi-Lan doesn't have the technology that they claim, or other modulation schemes become favored over OFDM,' said Millham, who doubts very much the latter is a possibility. Other big equipment makers, including Cisco Systems Inc. and Lucent Technologies Inc., are developing competing products, but the market in North America has yet to mature into one in which applications exist for high-speed wireless transmission of data, Millham said. Millham expects the North American marketplace to change considerably over the next year as business models advance to include wireless access.

To: werefrog who wrote (39581)	3/21/2000 3:41:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 74651

Jim, RE:"Let's just say I was position trader for decades. I began swingtrading msft as a hobby thanks to computer technology. "... Thanks for the history. I suppose I could go into my history as a trader for a couple of decades but I won't. Now I understand you better. Seems more here are not traders. Some get down right testy when you suggest trading. OTOH, MSFT appears to be leaving you behind today. Then again, there are always more trading opportunities... MSFT up 4 1/4 as I type... Jim PS...where are you getting that up tick, down tick data?