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

To: Jimfmc who wrote (1583)	7/7/2000 5:34:22 AM
From: Shumway	Read Replies (1) \| Respond to of 1848

more information (from WSJ) Dow Jones Newswires -- July 6, 2000 WaveRider CEO Sees 'Tremendous' Upside On Tiny Mkt Share Dow Jones Newswires NEW YORK -- WaveRider Communications Inc. (WAVC) Chief Executive Bruce Sinclair says the wireless Internet access product market is growing so rapidly that his company can get rich on just a tiny slice. "It's such a small market relative to the growth opportunity. Our belief is if we can target a 5% to 10% market share, the upside growth opportunity for us as a company and our investors is tremendous," said Sinclair in a CNBC interview Thursday. The market is growing by about 100% a quarter and is likely to be worth some $7 billion to $10 billion over the next three to five years, he said. "We have a very aggressive business plan over the next two years and expect significant growth in the latter half of this year and next year," Sinclair added. WaveRider reported 1999 revenue of $1.8 million, and analyst estimates for 2000 are in the $20-million range. While Sinclair would not say whether those estimates were on target, he said, "We certainly have an order rate that will exceed that ($20-million figure)." "As we roll out our products throughout this year, markets like Japan and China are certainly showing ... an appetite for these products," he added. WaveRider said Thursday that it began installing its NCL135 system in China as part of its agreement with Beijing's Interstellar Electronic Information Co. The company's stock rose 10.6%, or 7/8, to 9 5/32 recently on volume of 4.5 million shares, compared to average daily volume of 556,300 shares. - Riva Richmond, Dow Jones Newswires; 201-938-4046.