StockIceMan's Weekly Stock Pick
Week of July
21st, 2003
| Stock: |
Airspan Networks,
Inc. |
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|
| Ticker Symbol: |
AIRN - Nasdaq -
Communications Equipment |
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|
| Buy: |
1.75 to 1.90 |
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|
| Sell: |
3.50 + |
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|
| Info: |
Airspan
Networks, Inc. supplies broadband
fixed wireless access (FWA)
equipment that allows
communications service providers
(local exchange carriers),
Internet service providers (ISPs)
and other telecommunications
users, such as enterprises, to
cost-effectively deliver high-speed
data and voice services using
radio frequencies rather than
wires. The Company calls this
transmission method wireless
broadband. The market for its
systems is a subset of the fixed
wireless access systems market,
which is the fixed point-to-multipoint
market in radio frequencies below
six GigaHertz. Its systems are
based on a code division multiple
access (CDMA) digital wireless
technique, which provides wide
area coverage, security and
resistance to fading. |
| Financial Info: |
For the
three months ended 3/30/03,
revenues totaled $7.8 million, up
from $3.4 million. Net loss fell
32% to $5.6 million. |
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|
| Key Ratios: |
Current
Ratio: 4.66; Total Debt/Equity: 0.04,
P/E: N/A, Price/Book: 0.98, Price/Sales:
2.27 |
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|
| Share Info: |
There are 35.6
million shares outstanding with
31.6 million shares in the
trading float. 10 institutions own
approximately 6% of the shares
outstanding. There has been 1
insider selling a total of 10,000
shares in the last six months.
As of 6/9/2003, there were 4,000
shares short.
Net Institutional Selling: 2.73
million shares: prior to latest
quarter. |
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| Articles: |
Airspan
Launches North American WipLL
Distribution Program With
Alliance Corporation |
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