Average Volume (3 month): 1,512,545 Average Volume (10 day): 1,280,000 Shares Outstanding: 268.38M Float: 265.70M % Held by Insiders: 1.00% % Held by Institutions: 5.40% Market Cap (intraday): 11.27M Enterprise Value (4-Jul-04)³: 7.21M
posted
Not moving anywhere at this moment. Ths OS looks low and the company generates some revenue. I am still looking into it before i buy anything.
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quote:Originally posted by TimN88: Not moving anywhere at this moment. Ths OS looks low and the company generates some revenue. I am still looking into it before i buy anything.
Look at the filings. Insiders bought this at .05.. Not selling till it hits at LEAST that.
posted
good luck on this one guys! it really looks good somethings up here. I f you pull a chart from friday it just shot up on no news, thought we'd see some today.
support is .04 or .039 so there are good prices here. good luck
I wasn't lying heres the news something definately was up!
came out after bell today should fly on Friday
- Second Quarter Results to Be Released on July 29, 2004
CAMPBELL, Calif., July 8 /PRNewswire-FirstCall/ -- P-Com, Inc. (OTC Bulletin Board: PCOM), a worldwide provider of broadband wireless access products and services to carriers, commercial enterprises and government agencies, today reported that revenue for the second quarter of 2004 increased to approximately $7.3 million from $6.8 million in the first quarter of 2004 and $5 million from the second quarter of 2003. The Company also announced that its Board of Directors has unanimously approved a 1-for-30 reverse split of its common stock, effective at market open July 12, 2004. As a result of the stock split, each 30 shares of P-Com common stock issued and outstanding will be automatically converted into one share of common stock on the effective date. "We're pleased with our progress in the second quarter and remain on track to accomplish our operating objectives in 2004," said Sam Smookler, President and CEO of P-Com. "Our quarterly revenue, along with the reverse stock split announced today, our recent successful offer to holders of outstanding warrants, and other recent initiatives are helping re-position the Company to attract a broader range of investors, simplify our capital structure, reduce volatility, enhance our ability to execute strategic corporate development activities, and strengthen our reputation with the investment community, suppliers and customers." Effective July 12, 2004, the number of shares of P-Com common stock issued and outstanding will be reduced from approximately 313 million shares to approximately 10.4 million shares. In lieu of fractional shares, stockholders will receive a cash payment based on the closing sales price of the Company's common stock on the effective date of the reverse split as reported on the over-the-counter bulletin board. Shareholders approved the authorization of a reverse split of its common stock at the Company's annual meeting held on December 2, 2003. Shareholders of record will receive Letters of Transmittal and related instructions from P-Com's transfer agent, Equiserve Trust Company, N.A. Shareholders who keep their shares in street name with brokerage firms will have their accounts adjusted by their respective brokers. Questions and requests for Letters of Transmittal should be directed to Shareholder Relations at Equiserve Trust Company, N.A. at 781-575-3120.
Second Quarter Conference Call Details P-Com will report its full financial results for the second quarter of 2004 on a conference call scheduled for Thursday, July 29, 2004 at 2:00 p.m. Pacific, 5:00 p.m. Eastern. The dial in number for the conference call is 800-257-2101 for domestic participants and 303-275-2170 for international participants. A taped replay of the conference call will also be available beginning approximately one hour after the call's conclusion and will remain available through 11:59 p.m. Pacific on Thursday, August 5, 2004. This replay can be accessed by dialing 800-405-2236 for domestic callers and 303-590-3000 for international callers, using the passcode 11002720#. To listen to a live broadcast over the Internet, go to www.p-com.com and click on the Investor Relations page. A replay of the conference call will be available at www.p-com.com. A press release outlining P-Com's financial results for second quarter of 2004 will be distributed on Thursday, July 29, 2004 after the market closes.
Unstrung Insider Analyzes the WiMax Equipment Market Thursday July 15, 10:00 am ET
NEW YORK, July 15 /PRNewswire/ -- WiMax-compatible metro-area wireless is poised to create a huge opportunity for equipment suppliers across a range of access and backhaul applications, according to a new report from Unstrung Insider (http://www.unstrung.com/insider), the wireless infrastructure research service from Unstrung. The report -- WiMax: Going the Distance -- examines the market potential for WiMax-compatible equipment and analyzes the product strategies of 18 broadband wireless vendors.
"WiMax is the best thing that could happen to the fixed wireless access market," says the report's author, Gabriel Brown. "Standardization at Layer 1 and Layer 2 will cut vendor development costs and give service providers more confidence to invest in their networks."
Beyond that, another major benefit will be to release resources for higher-layer networking innovation, system management, and performance enhancements, adds Brown. "It's hard not to be excited by WiMax."
Among the report's conclusions:
-- The sub-11GHz BWA market will be worth $470 million in 2004, rising to between $900 million and $1.4 billion in 2008.
-- The WiMax equipment market will be worth between $830 million and $536 million by 2008.
-- Alvarion and other smaller vendors report sizeable increases in revenue, while Proxim and SR Telecom are suffering sustained declines in revenue.
-- 3.5GHz bands dominate WiMax thinking, but beware of mobility restrictions.
-- License-exempt WiMax applications will eventually be more exciting than industry wonks currently believe.
-- Major system OEMs are actively shopping for partners to help build their WiMax platforms.
Public broadband wireless access vendors analyzed in this report: Airspan Networks (Nasdaq: AIRN - News); Alcatel SA (NYSE: ALA; Paris: CGEP:PA); Alvarion Ltd. (Nasdaq: ALVR - News); Ceragon Networks Ltd. (Nasdaq: CRNT - News); Harris Corp. (NYSE: HRS - News); Motorola Inc. (NYSE: MOT - News); P-Com Inc. (OTC: PCOM - News); Proxim Corp. (Nasdaq: PROX - News); Siemens AG (NYSE: SI; Frankfurt: SIE); SR Telecom Inc. (Toronto: SRX - News); WaveRider Communications Inc. (OTC: WAVC - News); and Wi-LAN Inc. (Toronto: WIN - News).
Private broadband wireless access vendors featured in this report: Aperto Networks; BeamReach Networks; Cambridge Broadband Ltd.; Navini Networks Inc.; NextNet Wireless Inc.; and Redline Communications Inc.
WiMax: Going the Distance is available as part of an annual subscription (12 monthly issues) to Unstrung Insider, priced at $1,350. Individual reports are available for $900.
CAMPBELL, Calif., Jul 9, 2004 /PRNewswire-FirstCall via COMTEX/ -- P-Com, Inc. (OTC Bulletin Board: PCOM), a worldwide provider of broadband wireless access products and services to carriers, commercial enterprises and government agencies, said today that the effective date of the company's previously announced reverse stock split will be Monday, July 19, 2004. P-Com will announce the company's new stock symbol in a news release on Friday, July 16, 2004.
It concerns me that they have not mentioned that they have plans to move to a different exchange with the RS.
Seen too many time that the stock falls back to the original price shortly after the RS and name change.
posted
The WiMax Equipment Market news IS new and good news for PCOM.
I was specifically referring to the reverse split which will take effect on Monday 7-19. My hope is that the price does not fall back to .05 after a week under the new symbol like so many other RS do. If that happens, your investment is worth 1/30th.
The financial release on the 29th is pretty much irrevelant as they already stated approximate numbers that should be pretty close. If that is the case, the market has already reacted to it.
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