Air Water International (fka AWTI)

[The Original dpb5!]

Competitor Profile....XO Communications (XOXO)

XO is a company that appears to be what WLGS aspires to ultimately become. However, even with sales last quarter of $277MM, even XO is weathering the market downturn both domestically and globally. They have decided to not light their European Service yet and focus only domestically. XO needs $1BB to forge ahead with their Business Plan of coverage in 62 to 64 US Cities. They are the largest holder of LMDS Spectrum in the United States. They have $1.9BB in cash and plan to spend $1.3BB on infrastructure this year alone. Projected revenues for 2001 are also $1.3BB and for 2002 are $2.0BB. XO recently received $250MM in additional funding.

XO has had two 2 for 1 stock splits in it's short history. All time trading high was over $65 per share AFTER the first stock split!

All that, and they closed Friday at 2.96 per share!
52 week HI.....$47.06
52 week LO.....$ 2.40

XO is scaling back rollout of five US cities this year to only two....Minneapolis and Cincinnati.

I see this as strong evidence that WLGS is not alone in the miserable condition of the Telecommunication Industry.

XO Company Profile...
http://quote.fool.com/snapshot/snapshot.asp?symbols=XOXO&currticker=XOXO

Website...
http://www.xo.com/ourstory/

Earnings Audio....(65 minutes but interesting)...
http://acw.activate.net/xo/earnings/windows-8k.html

More research to follow.

See you all in chat tonight, I hope.