Will earn roughly $2 and trading at roughly $25 so the multiple is in a reasonable range. However, it is in a competitive sector. Most of the easy return has been made. Will have to spend some money to grow capacity.
Looking for slower growth in 2005, so fundamentals become crucially important. A pure wireless play that has many competitive advantages with a possible 12% growth.
Just about to merge with Sprint (FON-N). It will be somewhat depressed going into the deal because of short sellers. Almost a pure play on wireless. There will be a lot of cost savings come out of this merger. Should have strong revenue growth, significant cost savings, significant cash flow and is not so dependent on the business cycle.