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

To: transmission who wrote (1645)	2/15/2001 11:01:45 AM
From: transmission	Respond to of 1860

11:05am EST 13-Feb-01 Hoak Breedlove Wesneski & Co. CASY ROOM ARTT EFNT HBW: EFNT, CASY, ROOM, ARTT Updates Le Keough, CPA, Eric Willer, Advanced Radio Telecom (ARTT-$2 27/64-Accumulate) Current FY EPS: ($2.92) / Next FY EPS: ($3.11) * Lately, Advanced Radio Telecom has shown a little resiliency. The stock has risen 135% since the New Year, from roughly $1 to yesterday's close of $2 27/64. * The key to ART's strength has been the execution of various initiatives implemented by new CEO "Zie" Rivers, the most important of which appears to be the new BroadstreamTM Internet Access service. The service simplifies ART's pricing by offering customers Internet access "burstable" up to 100Mbps for only $1,000 per month. * The new Broadstream service has been available in ART's nine markets since January 9th of this year. During this period, ART has signed-up over 80 customers. * The service, which can be provisioned in only 10 days, is highly scalable, offers "plug and play" access to most LANs, and boasts carrier-class reliability. * Given ART's precarious financial position, we believe this initial level of success for Broadstream must be ongoing if Advanced Radio Telecom is going succeed in raising the necessary financial capital to continue operations throughout the year. * We are optimistic that the company will successfully demonstrate the value of the 39GHz spectrum and the business case for high-speed wireless MAN (metro area network) services. However, we remind investors the company will need a substantial cash infusion by the end of the second quarter, and that this financing potentially may be dilutive to shareholders. At the same time, any financing should prove to be a positive catalyst for the stock. We continue to follow ART's progress with a rating of Accumulate.