Updated on Sunday, Sept 12, 1999
Question:- Have a look at Wi-Lan (Canadian) they have a product (IWILL) that can produce internet 30mbp wireless transfer speeds. Sweden's Telia and Britain's Tele 2 have signed up to implement their technology. This sounds like it will be big in 12 to 18 months... Let me know, By Joe
Answer:- I don't have to look, I took a position in this company over a year ago at $1.40. To confirm my decision and also get some sort of comfort to go ballistic on this one, I asked JB (a data expert) whether their technology was hot and his answer was that
Wi-Lan operated in an unregulated spectrum (at the time) and hence not reliable. I did not increase my $5K investment because of that.Thank God, I held on to it, and sold last month at $10 each. It's a good technology but I think its gone too far (especially having purchased it at 1/7 of what it is today). I will buy into Wi-Lan again whenever it dips below $8.
Take a look at Wi-Lan's sister, its called
Cell-Loc (both created by the same 2 Egyptian guys from Calgary University - Drs Fattouche & Zaghloul); its going to be bigger than Wi-Lan. They will announce a quarter of a billion-dollar agreement with the Brazilian government soon, they have completed trials with a major US telco to deploy cellular location technologies in the USA. Bought in at $3.15 in July 1999, its trading at $6 now, track it and buy it at a price you are comfortable with.Home
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