Hogwash.
Speak Easy is also an ISP that has a business model that sells under cost.
Therefore a lower value than an ISP with high profit margins.
Reasons why Towerstream was evaled at over 20x annual (market cap).
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
----- Original Message -----
From: "Peter R." <[EMAIL PROTECTED]>
To: "WISPA General List" <wireless@wispa.org>
Sent: Monday, April 02, 2007 9:34 PM
Subject: Re: [WISPA] Is your ISP worth more than 1.2x ?
Speakeasy was not a WISP.
*Middletown, RI—Jan. 30, 2007—*Towerstream (OTCBB: TWER.OB), a leading
fixed wireless Internet provider, today announced the launch of its Hi-Vi
T1+ wireless broadband solution in the Seattle metropolitan area. The
company has acquired Speakeasy's wireless broadband network assets in
Seattle, enabling Towerstream to deliver high availability wireless
broadband to area businesses with 99.999% reliability for a fraction of
traditional carrier costs. The Company will also partner with Speakeasy, a
national small business-focused voice and data services provider, for
distribution of fixed wireless broadband services in major cities
throughout the country.
Speakeasy at the time of sale to Best Buy was a hosting company,
non-facilities based ISP, and VOIP Provider.
Speakeasy sells nationwide leasing the access from various carriers
through WTG ( a reseller).
1.2x is about right for a Business ISP.
Regards,
Peter @ RAD-INFO, Inc.
George Rogato wrote:
Speakeasy went for 1.2x annual revenue. What is a smaller isp worth?
http://www.speakeasy.net/press/pr/pr032707.php
Best Buy anticipates a closing date for the transaction in the first
quarter of its 2008 fiscal year. Following the close, Speakeasy would
operate as a wholly owned subsidiary of Best Buy. The company disclosed
the purchase price of approximately $97 million, which represents
approximately 1.2 times Speakeasy's calendar year 2006 revenue of $80
million. Best Buy currently expects the transaction to be neutral to
fiscal 2008 earnings.
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