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Stock near 8 bucks, reputable firm puts out $22 price target.
Dutton Associates Announces Investment Opinion: GigaBeam Strong Speculative Buy Rating In Initiating Coverage By Dutton Associates Friday November 18, 12:00 pm ET
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Nov. 18, 2005--Dutton Associates initiates its coverage of GigaBeam Corporation (OTCBB:GGBM - News) with a Strong Speculative Buy rating and its $22.00 price target. The 15-page report by Dutton senior analyst David Riedel is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Multex, Knobias, and other leading financial portals.
ADVERTISEMENT Ever since the telecom companies spent hundreds of millions of dollars installing fiber-optic cables in our cities, a tremendous amount of capacity has sat unutilized under our streets. Regulatory, technology and market issues have prevented the benefits of that high-capacity fiber-optic cable from reaching the desks and homes of millions of customers. How can a customer take advantage of this tremendous, underutilized resource without the delay and expense of tearing up the streets and laying more fiber to individual buildings, offices, apartments and desks? The answer is using a wireless connection to "beam" the fiber capacity to the building and then wire the building internally. This solution is currently being provided by GigaBeam Corporation. Without getting too much into unnecessary technical and regulatory detail, we will lay out in this report what GigaBeam's new WiFiber(TM) wireless fiber technology is offering to its customers and how this business is unlocking the value of existing fiber networks. While technically complicated, the solution is in many ways simple, as well as being rapid, inexpensive and astounding. This company, we believe, offers investors an opportunity to participate in a solution which overcomes the regulatory, technical and market issues to provide customers with something that they want (and will pay for) today: high-capacity fiber links to their home and office.
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