When I was in Australia a few months back there were articles in the paper regarding the push towards 3G. Basically it stated that the big players were hesitant on rolling out 3G, (cost, acceptance, etc.). There is another company (Orange, I believe), that is working on it. The company is led by a very successful entrepreneur businesman (can't remember his name), but, his thoughts are that the ones that do not go 3G will loose market share to those that can provide much higher levels of service and options on 3G networks...something unatainable with the current 2 and 2.5G networks. I also saw in PWAV's literature that the current value of this deal is around $7.15. So, in my opinion, anything under that is a strong buy.
Long on PWAV <$7.15 Strong buy $7.15 - $12.00 buy $12.00 - $15.00 Accumulate >$15.00 hold