Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : OMPT!!! -- Ignore unavailable to you. Want to Upgrade?

To: stock leader who wrote (485)	5/15/1999 5:08:00 PM
From: LakesideTrader	Read Replies (1) \| Respond to of 531

Let's keep our fingers crossed! This whole wireless and networking arena is so exciting. I just can't wait until we can all have our little phones with us wherever we go and be able to access the internet and talk to everyone across the globe at AFFORDABLE rates! Where I live it will be some time in coming.

To: stock leader who wrote (485)	5/16/1999 8:18:00 PM
From: Bob Trocchi	Read Replies (1) \| Respond to of 531

stock leader... >>I believe a takeover or equity investment will occur within a year. They will need it because they already over a $700 million equity deficit. << Clearly if they do not get taken over or get additional equity investment, I do not see how they will survive. Their current book value is Negative $16/share. I ask you why would anyone pay a premium over today's stock price considering their book value is -$16/sh. Further, the significant costs for future build out will put them further in the red. Additional equity investment is risky as this causes dilution if OMPT issues shares for the investment or they pay huge % interest rates. In either case this is not really a win win situation. One short term factor in their favor is the large number amount of short interest that someday must be covered and could lead to a short squeeze. All in all an interesting situation. The wireless game is growing like gangbusters but you need VERY DEEP pockets to offset the huge build out costs and IMO, OMPT is on thin ice with the current debt they are carrying, negative cash value and huge cash flow problems. Bob T.