To: Stock Watcher who wrote (4031 ) 3/15/1999 2:43:00 PM From: Dave Gore Read Replies (1) | Respond to of 52051
FYI, Here's a report I will post later today or tomorrow on SI FULL REPORT (see below) ** WLGS ** just spoke to IR; BOOK VALUE = $1 per share on current assets...$6.25 per share on future assets. World Wide Wireless is involved in 3 primary areas: (1) Purchased a profitable phone co. in Puerto Rico with $500K revenue per month (2) Are the ONLY national system provider of FCC approved high speed license (this license alone is valued at $25 million if I understood correctly). Very high speed Wireless Internet is the big push with 11 different US locations planned and available to use anytime (and 29 more licenses being approved or under application consideration). With their recent ramped up expansion in Europe, a target date of July 1st in Germany, and Poland, Czechoslovakia by year end is planned. The beta test site has been operating in Northern CA for many months. (3) THE BIGGEE (more speculative by more exciting): they have a "patent pending" (actually 4 of 12 submissions have already been approved) technology using a chip that allows portable phones to act as repeaters or relays. This is potentially huge in countries where infrastructure costs would be staggering. No cell site is needed as the cell phone itself with this proprietary chip acts to extend coverage 10-20 miles. So if there are phones at least that close to one another they will extend coverage throughout an entire country with no major infrastructure. BUT LET's THINK BIGGER, they are: How about if they can convince a Compaq or Dell to put their proprietary chip in each one of their computers ir Intel on a logic board? SO........WHAT IS THIS COMPANY WORTH? Read below: I am trying to get hold of this report and do some DD on Holt Media. I have only found that Holt has an under construction website and is a 35-40 yr old company, apparently well respected, that work primarily in the TV/radio/ communication industry. SAN FRANCISCO--(BUSINESS WIRE)--Dec. 11, 1998--The Holt Media Group (HMG) has issued its market valuation update on the assets of World Wide Wireless Communications, Inc. (OTC BB:WLGS) and has appraised those assets at $39,000,000 current value and $250,000,000 future value. HMG's appraisal is set out in a 59-page document in which the company and the industry are carefully analyzed and reviewed. DAVE