valign=”middle”>$43.80
*AS OF JAN. 28, 2004
Â
STEPHEN COLEMAN DAEDALUS CAPITAL L.L.C.
STOCKS ARE ESSENTIAL. TIME IS YOUR BEST ALLY.
THE PICKS
Nortel: I like Nortel because the core of its business—about 45% right now—is the wireless area, infrastructure, and equipment. It’s mobile phones today, but, ultimately, the entire Internet is a wireless phenomenon: high speed, broadband, etc. I see Nortel as a leader there.
Charter Communications: Because it was expected to have been abandoned by Paul Allen, one of the wealthiest men in the world, the stock price plummeted. We think it should be right between $13 and $15 a share. It’s a cable company with a thriving broadband business.
Wireless Facilities: It was $40. In 60 days, it fell to $3.50. Metricom, one of its customers, went bankrupt and wrote off $13.6 million. Wireless Facilities is in the business of designing, constructing, and managing wireless infrastructure. It built a lot of Verizon’s backbone on the wireless side. Within six months of identifying a problem, they were profitable again. I see Wireless Facilities, three to five years out, at 40 bucks.
 |  |  |
Company (Exchange: Ticker) | Price at Recommendation* |
36-Month Price Target |
Nortel Networks (NYSE: NT) | $6.46 | $20.00 |
Charter Communications (Nasdaq: CHTR) | 4.78 | 13.00 |
Wireless Facilities (Nasdaq: WFII) | 14.80 | 40.00 |
*AS OF JAN. 28, 2004