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Thank you Mark. I do appreciate your words of
caution which come from personal experience.
WAL's half-year report and announcements
deliver 'actual' results, not promises.
WAL states ' ... Wavenet expects to see more groups
making decisions to move from trials to mass deployments over the next few
months. ... '
WAL's profile is now highly compelling from an FA
perspective and will have a lot of appeal to FA investors in for longer
terms.
This company has a very different profile
today than the one you originally invested in.
From my perspective; WAL is a definite
keeper.
Regards,
Cris
----- Original Message -----
Sent: Monday, March 01, 2004 5:49
PM
Subject: Re: [sharechat] ASX: WAL -
Wavenet UPDATE
A
great day - up 25% so far.
mmm. Be careful of WAL
Cristine. I invested in this one as a start up (about four years ago give or
take a year). Lost a big percentage. Partly because of the tech wreck, but
partly because I got pulled into all the academic research and funding behind
the venture which made it seem better than the run of the mill tech start up
in those days. Where I really lost out was everytime I got to the stage of
thinking I'll cut my losses and run they'd come up with an announcement
promising some new piece of equipment, sales market, etc, which never
ultimately panned out. So I stayed in way too long before jumping.
Just
my 2 cents worth :)
- ----- Original Message -----
- From: Cristine Kerr
- To: sharechat@sharechat.co.nz
- Sent: Monday, March 01, 2004 11:06 AM
- Subject: Re: [sharechat] ASX: WAL - Wavenet UPDATE
- Wavenet have just released their half-year
report and it's MORE good news.
- Half-year Report released Friday 27Feb,
6.42pm
- All great news:
- Revenue UP 790% - $2,370,000 ($266,253
previous corresponding period) (NB $2,370,000 includes $1.4m grant which
means revenue excluding grant was still up around 375%)
- Cash Outflows DOWN 81% - $227,503 ($1,180,585
corresponding period)
- Net Loss DOWN 47% - $653,000
- Cash Balance UP 25% - $1,411,550
- Current Liabilities: $872,797
- Total Net Assets: $1,435,063
- Events subsequent: As at 27 Feb - new
agreements and backlog of sales orders totalling $2.4M with deliveries
scheduled before end June 2004 (SUPPLEMENTARY INFO - notices since 31
Dec03 follow)
- The Board believes additional contracts will
be secured during the coming months fulfilling a major strategic goal of
diversifying its customer base and establishing a more consistent revenue
stream going forward. Within the next 12 mths, the Directors expect that
Wavenet will become the major supplier of this wireless technology into
the Northern American market place.
- SUPPLEMENTARY INFO:
- 9.2.04
- Keycorp places more orders (2500) for wireless modems (total now over
4500)
- 9.2.04
- Signs Global Wireless Data LLC as major reseller for US
- 25.2.04
- WAL - Wavenet
- Wavenet International Limited has just received their first order from
Lipman Electronic Engineering Ltd (US).
- Wavenet's BM3 wireless modems will be integrated into Lipman's EFT
(Electronic funds transfer) and POS (point of sale) solutions which will
enable users to conduct debit and credit transactions in a mobile
environment over worldwide networks.
- This initial order for Wavenet's BM3, which is anticipated to be the
first of repeat quarterly orders from Lipman, is valued at $500K.
- Lipman has subsidiaries in the US, China, Turkey, Far East, Latin
America, Spain, Russia, Italy, Canada, and Latin America.
- Wavenet is evidencing growth in demand for wireless point-of-sale
terminals. They are seeing a trend in the US towards cashless transactions
and mobile commerce which are ideally suited to their technology.
- Wavenet expects to see more groups making decisions to move from
trials to mass deployments over the next few months.
- The technology for this niche product was developed by Wavenet under
an AusIndustry R&D Start Grant and Wavenet continues to conduct
R&D into more adaptable wireless architectures capable of working over
a number of networks.
- 26.2.04
- WAL - Wavenet Signs Supply Agreement with
Cingular Interactive for Mobitex Wireless Modules - Initial Order Worth
$1.2M - ASX Announcement at 12.15pm today
- ' ... Cingular's Mobitex network is in the US
leading data-only network and provides extensive coverage, high
reliability and low latency in more than 492 markets, covering 93% of the
urban business population in the US. ... '
- The deal is based on Wavenet's BM3 wireless
module which is destined to become the company's flagship product. It is
the most advanced of its kind in terms of power efficiency, performance
and ability to run applications. BM3 was developed to target numerous
growth markets in automoatic vehicle location, mobile point of sale,
security, and cashless vending.
- BM3 is an important part of Wavenet's strategy
to become the largest supplier of this technology into the US.
- NB Total Shares Issued - 28,885,005 (Does it get any
better than this?)
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Mark
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Email:
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