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Technology Stocks : Spectrasite Holdings Wts -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (7)10/1/2003 6:59:00 PM
From: Joseph Ziebarth  Read Replies (2) | Respond to of 15
 
Not buying. $39.00 looked good for selling, but I think I'll hold. The other lease holders of cell towers are all backing off right now. If there was some new blood in the market it would be different. Nextel, Sprint and Verizon are all trying to cut overhead costs so there must not be much growth right now. Computer laptop wireless may create a demand but not at $80 to $100 a month for the service. Metrocom tried with Ricochet (sp?) and ended leaving all their equipment on the towers and poles. I haven't heard anyone scooping those parts up to use yet.

Still $22 up to $39 was a good run for a company in bankruptcy reorganization so I am holding.

OT. I am really an amateur so don't count on me for strong guidance.