SpeedUS.COM 2/26/00 ($9 13/32) SpeedUS.COM (SPDE) is a broadband high-speed Internet service provider. The company recently announced that its BroadBand Patents subsidiary had acquired Intellectual Property based on wireless technology from a little company called GEC Partners. Included in this Intellectual Property is a patent titled "System for the transmission and reception of directional radio signals utilizing a gigahertz implosion concept." The company's broadband services are currently limited to New York, but this patent could certainly expand SpeedUS' breadth of operations. For example, Nextlink, a substantially larger broadband excess provider, owns a significant minority portion in this company. SpeedUS is also adding a broadband and wireless portal to make its product offerings more attractive. Within the portal is stock quotes, various news, weather, travel, and a message board devoted to broadband topics. Besides the broadband-focused message board, the portal offers other content related to the speed concept. For instance, there is a place in the portal where a person can check their actual Internet connection speed and a listing of broadband carriers in any user's area. SpeedUS appears to be a young broadband wireless play with vast potential due to its recently acquired patent. Most of this potential comes from the fact that broadband wireless is inevitable. Currently, wireless transmissions are very slow and very expensive. Broadband wireless should change all of that. Moreover, SpeedUS is looking to add additional products and services by buying Internet and e-commerce start-ups. This plan is important to the company's future, because there are certainly numerous wireless start-ups out there as the biggest wireless convention in the U.S. (New Orleans) will certainly attest. Several of these start-ups send literature in advance to people who have signed up for the convention. According to the latest data available, SpeedUS had cash of about $28 million. With that amount of money, SpeedUS could buy several wireless start-ups with quality technology.
Short interest for Feb - 1 mo change was up 38%. For some reason lots of money went short.They misread a lot of positive fundamentals: add to that some good intellectual property and its through $10 easily tomorrow. Check out climb of win:to. Similiar hype - real money.