Now, why is MDGC selling for a penny in the market?
Wytec selling hook is Local Multipoint Distribution Services
Wytec: As a world leader in the development of Local Multipoint Distribution Services (LMDS) fixed wireless equipment, Wytec, Incorporated set the bar in high-speed wireless communications…and they continue to raise it. In 1995, founders Jerome Woodard, Robert Julien, and William Oatman decided to take their collective expertise, over twenty years, in developing and deploying communications systems to the commercial, military and international markets. The result was Wytec Incorporated. Wytec was formed to design, manufacture, install, and support wireless communications systems that provide last-mile broadband access for subscribers who require bi-directional Internet, voice and data communications services. They now hold five patents for this advanced technology.
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Problem:
CURRENT MARKET 2007:
The projected values in the early 2000's are not remotely accurate in 2007. Most of the licensee's that deployed in early 2001 went bankrupt. A few CLEC's were able to survive typically because of having an existing customer base in addition to deploying LMDS. The equipment that was deployed is now obsolete and most of the manufacturers are out of business. There have been no known significant technological break throughs to allow manufacturers to produce more efficient equipment and at a lower cost.
I have offered to allow State, local and city agencies the opportunity to utilize spectrum for little or no cost in an attempt to satisfy the FCC's renewal requirement but have had no interest. Currently, we are seeking to find any avaiable community use to utilize the spectrum with the intent to retain the licenses.
My personal view is that LMDS spectrum is similar to owning beach front property. However, a large hurricane swept over the area and the interest or demand to revitalize and rebuild have not been greater than the costs associated with doing so. The intent of this site is to allow all LMDS licensses as well as financial investors, manufacturers and industry related companies to join together to promote the use of the LMDS spectrum.
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No known significant break throughs? Not even by 2007? And Wytec was this well known company with nothing apparently significant?
