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To: Dale Baker who wrote (480)	2/11/1998 4:26:00 PM
From: jgideon	Respond to of 118717

Great job on MEME. It actually went to 2 1/2 today. The bubble burst back to just over 1. It's a standing rule for me not to play with BB stocks. This is one such illustration in the making. As for COMS (mentioned a few posts ago), I got into COMS at 32 the other day. If you believe the analyst numbers for next year and give the company a decent PE, then you can make the argument for about a 35% gain by June. Here's my numbers: - EPS for May 1999 is estimated at 1.87 (first call) - give COMS a 30 PE, that's about $56 in June 1999 - discount that back a year to June 1998 by dividing by 1.3 and you get about $43 value 4 months from now, at the $32 price tag, that was a 35% prediction, it's less now I note that because of the USRX merger, trailing PE will not mean much for this company for a while. I also note that the market leader CSCO was remarkably unscathed by the turmoil of the last few months. When some of that confidence returns to the #2 networking company, a PE of 30 may be too low. COMS has often traded at PEs above 40 in the past. The numbers aside, COMS has an expanding market in front of it that is not going away. Last year's fear about INTC eating their market were unfounded. 56k is a real product this year, while DSL will not play until 1999. And COMS already has DSL products, anyway. All of us on the net know that bandwidth is the problem to be solved. These guys are an integral part of the solution. Disclaimer: my brother-in-law works for COMS, though I haven't talked with him since December. jg

To: Dale Baker who wrote (480)	2/11/1998 5:13:00 PM
From: Alan Markoff	Read Replies (1) \| Respond to of 118717

Dale; I am not going to flame you but maybe you can give me some answers since you claim to know so much about this Company MEME. Tell me the value of the frequencys that this Company owns that was approved by the FCC. Also what is the value of the equipment that this Company holds not to mention the technology and software development. Also tell me if this technology is limited to just Internet use or for high speed transmission for Corporate use transferring information over the air waves. Also your post on going from TV to the Internet is not true, they are using those frequencys (which they own)that have a real value and applying it to this new technology that they were planing when the stock was 2.50, they never have deviated from there plan's only progressing with success to becoming a successful wireless Internet provider as well as a wireless data link provider for Corporations. And by the way there transfer rate is faster than all the........... When you spend Billions in a system you tend to not to want to change if you get my drift.