A recent article on Broadband Wireless Business Online (http://www.shorecliffcommunications.com/magazine/index.asp) quoted an industry report as saying, 'The report predicts that the fixed broadband wireless market will grow from $558.7 million in 2003 to more than $1.2 billion by the end of 2007.''The need for and interest in FWB is already there, with the existence of areas that have yet to be reached by common wireline broadband technologies and those that lack basic copper infrastructure,'said Daryl Schoolar, a senior analyst with a high-tech market research firm.
SkyBridge Wireless Inc. (OTCBB: SBWL) has positioned itself to be able to be a wireless front runner in this market, starting first here in the Las Vegas market. SkyBridge Wireless Inc. currently operates four major wireless broadcast sites using FCC licensed high-speed microwave radios to connect these sites together to form one of the largest and efficient fixed wireless broadband networks in southern Nevada. 'Building and owning our own high-speed fixed wireless network gives us the ability to provide broadband services to areas with little or no other solutions for Internet connectivity,'stated Jason Neiberger, SkyBridge Wireless Inc. president and director of technology.
According to James Wheeler, SkyBridge Wireless Inc. CEO, 'We have started discussions for short-term needs, but also to access larger funding which may be available from sources in Asia who have an interest in U.S. markets, Las Vegas and wireless. We have plans to build a much larger multi-city/state network.'
Our system recommends WAIT as of today. Previous SELL recommendation was made on 1/6/2004 (15) days ago, when the stock price was 0.028. Since then the stock fell -3.57% .
Today the stock closed lower with an unchanged high and a higher low. The volume is extremely low. The security price is trending down.
Today’s Candlestick Patterns: Short White Candlestick Harami Pattern
Today a Short White Candlestick formed. There was a limited price change that may represent consolidation.
The last two candlesticks formed a Harami Pattern. This is a neutral pattern which shows that the selling pressure may be diminishing. However, a confirmation, in the form of a gap up or strong close following this pattern is needed, for it to be considered bullish.
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Norman SBWL will be a good play soon. This is 1 of 2 stocks i lost in. Bought @ .045 sold at .039. I got out after one of my Trader Buddy Checkers said it hasnt fully created a 200MA
Posts: 440 | From: Irmo, SC,USA | Registered: Oct 2003
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Long Termly this stock will probably exceed .10
Yes .07 is the next level
If and only the 150 Moving Average continues to downtrend as long as the 13 Day Moving Average trades between .03 and .04. Then yes Id look to see it jump again based on a Technical Analysis that is.
SkyBridge Wireless Inc.: Wall Street Comes to SkyBridge Wireless Inc. Friday January 23, 5:05 pm ET Stage Set for '2004 New Year' Projects
LAS VEGAS--(BUSINESS WIRE)--Jan. 23, 2004--SkyBridge Wireless Inc. (OTCBB: SBWL - News) announced continued discussions and efforts with Wall Street have resulted in Wall Street insiders coming to meet in Las Vegas for face-to-face review of operations and the start of negotiations for long-term relationships to benefit SkyBridge Wireless Inc. Preliminary long-term arrangements have been reached during the meetings and the company believes the efforts will form a foundation for SkyBridge Wireless Inc. planned and future acquisitions and expansions. ADVERTISEMENT
Wall Street Push
SkyBridge Wireless Inc. has firmly determined to expand in Las Vegas, one of the highest population and business growth areas, and to pursue acquisitions, and make international connections, with Wall Street to help. SkyBridge Wireless Inc. is continuing efforts to obtain the benefits of close Wall Street ties, to support mergers and acquisitions and capital needs. The company continues to undertake efforts involving travel, meetings, discussions, negotiations and other tasks primarily involving Wall Street, which started recently when the SkyBridge Wireless Inc. CEO visited Wall Street.
Las Vegas Inspection Proves Successful
SkyBridge Wireless Inc. has been working to show Wall Street the company has the business ability to make it happen for the New Year. CEO "Jim" Wheeler stated, "Our efforts have now come together this past week with the completion of meetings in Las Vegas involving the Wall Street firm of May Davis Group, with two senior members of their staff coming into town to meet, and what appeared to be 'inspect' what we have. This was the first time Wall Street has come to visit us in Las Vegas, and the meeting went excellent. We are proceeding."
The company is seeking help with mergers and acquisitions and has sought the advice of the Wall Street visitors for a long-term plan of growth, and is hoping for additional assistance to tap into a global package of contacts, including possible future funding.
Wheeler commented further, "We are in a crucial stage where we need to make the right decisions about acquisitions, growth, funding, etc., and so we are most pleased that they have taken an interest in us, are now advising us, and are starting to be in contact with us almost daily ... most important is they seem to accept our plans and what we have and want to proceed."
Other News
SkyBridge Wireless Inc. CEO plans President's Letter to outline this year's goals and plans based on research, including the discussions with Wall Street insiders and others for support of its plans, and will release news as it develops.
quote:Originally posted by Norman: I agree. Wall street comes to SkyBridge Wireless Inc. is promising.
Me too. Bought in on friday, and already made 6%. Looking for it to go much higher next week. I'm still a newbie though, so still learning at the same time.
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where do you think this will hit resistance and do you think it'll go much higher. I'm happy with my return right now, but I dont want to jump out if we haven't even seen the beginning.
[This message has been edited by Jbate217 (edited January 27, 2004).]
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I am thinking about dumping this - got in at .043 and might just keep my profits. is this going to make another move anytime soon?
Posts: 42 | From: New York, NY, USA | Registered: Jan 2004
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posted
I am watching this. It's been testing 0.07 res so far. If no news coming soon, there will be profit taking, as it has been up +150% from .27. I will keep half my position, and take some cents to buy VNTB. I am a newbie. If some big names in this board can give some advices, it would be nice.
SkyBridge Wireless Inc. to Deploy FCC Licensed Proxim Tsunami Radios for Entire Las Vegas Fixed Wireless Network Backbone Thursday February 5, 4:49 pm ET
LAS VEGAS--(BUSINESS WIRE)--Feb. 5, 2004--SkyBridge Wireless Inc. (OTCBB: SBWL - News) has chosen the Proxim (NASDAQ: PROX - News) Tsunami equipment line of 23GHz FCC licensed products for the entire deployment of the Las Vegas Fixed Wireless network backbone. Jason Neiberger, SkyBridge Wireless Inc. president & director of technology, stated, "We previously deployed this product here in the Las Vegas network, and have tested it thoroughly and found that the Proxim Tsunami products provide us with an efficient and cost-effective solution that meets our high demand for reliable high-speed network connectivity and security." Currently, SkyBridge Wireless Inc. is negotiating a blanket order and delivery schedule with Proxim and their distributors, and expects to deploy 10 Proxim Tsunami 23GHz licensed backbone links for the Las Vegas Fixed Wireless network within the first two quarters of 2004, and a total of 16 by the end of December 2004. "We have decided to use Proxim equipment for our wireless backbone because of the quality, performance, reliability, and availability that Proxim and its products bring to SkyBridge Wireless Inc.," stated James Wheeler, SkyBridge Wireless Inc. CEO. "The cost-effective and flexible Tsunami equipment allows us to build out our High Speed Fixed Wireless network to be able to provide High Speed Wireless Broadband access to the entire Las Vegas and Henderson market, most of which has no other cost-effective solution for Internet broadband."
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