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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (1272)	8/9/2000 10:33:34 AM
From: Mark Oliver	Respond to of 1860

Who provides the equipment on this one? I believe the equipment suppliers will be much better investments in the FWB areana for the next year of so. Perhaps we will see some values added for service providers once we see them being targeted for takeovers? Regards, Mark Advanced Radio Telecom Launches Broadband Wireless IP Network in San Diego BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 9, 2000--Advanced Radio Telecom Corp. (ART) (Nasdaq:ARTT - news) today launched its metropolitan broadband, Internet Protocol (IP) network in San Diego. San Diego is the seventh U.S. market in which ART has launched its 100 Mbps fast Ethernet and 155 Mbps OC-3 connectivity services. ART is also providing services in Los Angeles, Washington D.C., Houston, Seattle, Phoenix and San Jose. ART's broadband wireless IP network uniquely provides connectivity to office buildings not served by fiber connections. ART enables Internet Service Providers (ISPs), Application Service Providers (ASPs) and interexchange carriers (IXCs) to extend customer Local Area Networks (LANs) to Wide Area Networks at native LAN speeds. ART's services eliminate the need for local telephone hook-up and consequently service can be provisioned in a matter of days, instead of weeks or even months. ``San Diego-area businesses who depend on the Internet will now be able to benefit from our unique high-speed and high-capacity Internet access services,'' said Art Kawaguchi, SVP and regional general manager. ``One of the main advantages of ART's service compared to other broadband Internet access solutions is that there are not the delays or frustrations that typically occur with fiber optic installation or local telephone company connection.'' About Advanced Radio Telecom Advanced Radio Telecom Corp., headquartered in Bellevue, Wash., is a provider of broadband wireless Internet Protocol (IP) access services at speeds up to 155 Mbps. ART currently owns and operates broadband wireless metropolitan area networks in Houston, Los Angeles, Phoenix, San Jose, San Diego, Seattle and Washington, D.C. and plans to initiate service in a total of 40 U.S. markets during the next two years. ART is a Cisco Powered Network(TM) service provider. ART has a nationwide footprint of 39GHz spectrum licenses in the United States, and owns 26GHz and/or 39GHz spectrum licenses in the United Kingdom and several Scandinavian countries. For more information, please visit ART's web site at www.ipsp.com. The above information includes forward-looking statements regarding services and network deployment. These statements are not guarantees of future performance. Known and unknown risks, uncertainties, and other factors, including without limitation, satisfying closing conditions, final FCC approval, capital requirements and other financial risks, customer demand, technological risks, management of growth, competition and government regulation may cause actual results to differ materially from the future results implied or expressed in the forward looking statements. Additional information about the most significant of such factors is set forth in ART's most recent annual report on Form 10-K. The Company does not undertake to update or revise its forward-looking statements publicly even if experience or future changes make clear that any projected results expressed or implied herein will not be realized.

To: TheSlowLane who wrote (1272)	8/9/2000 12:24:15 PM
From: Raymond Duray	Respond to of 1860

Hi Paul, Differing viewpoints are what make a market. Best of luck to you! Ray

To: TheSlowLane who wrote (1272)	8/9/2000 7:00:26 PM
From: Bernard Levy	Read Replies (3) \| Respond to of 1860

I have got to concur with Paul here. The current malaise is all about the effect of higher interest rates on telecom stocks and almost nothing about BBFW. Bellweather stocks such as T, WCOM and VZ are all at rock bottom. Fiber companies such as GBLX, WCG in the US or CONE, GTS, VYTL in Europe are all close to 52 week lows. CLECs have been similarly bombed out. What is happening is that an increase in interest rates affects the discount factor in cash flow analyses of these companies. Since the value has to cover both debt and equity, a 25% hit on discounted cash flow value can easily lead to a 50% hit on stock price. In other words, because of their need for debt, telecom companies are extremely sensitive to interest rates. BBFW companies have still a huge cost advantage vis a vis fiber companies for medium size buildings. The cost of gear has little to do with the frequencies being not harmonized (the cost of adjustments is trivial), but everything to do with the fact that the frequencies they use are very high, so Gallium arsenide chips are needed. Still, I have got to admit that ARTT's low revenue numbers are inexcusable after so many years of operation. However, WCII, NXLK and perhaps even TGNT are entirely different stories. The bottom line here is that instead of moaning and groaning, we will have a hell of an opportunity when the sector bottoms out (within 9 months unless we have a recession). To me this almost looks like the oil services sector when oil was at $10 and The Economist was predicting it was going to $5. Come to think of it, if we ever see a magazine cover predicting the bankruptcy of AT&T, the bottom will have been reached. We can already hear investors clamoring for the heads of Mike Armstrong and Bernie Ebbers, so we are not too far away.