As smartphone sales continue to rise exponentially so does the need for extended wireless capabilities. Companies like AT&T have had a hard time trying to keep their 3G network up to pace with the sale of their coveted IPhone. Towerstream Corp. (NASDAQ: TWER) is one small cap stock which provides high-speed wireless internet, TWER is trading at $1.82 up $0.23 or 14% on heavy volume of 291k.
This morning the company announced that its CEO, Jeff Thompson, will present at the Morgan Joseph 2010 Best Ideas Conference on Wednesday, June 9, 2010 at 4:00 p.m. ET in New York City at the Millennium Broadway Hotel.
The company has been included in a few recent articles concerning wireless internet solutions. As stated earlier AT&T has come under some scrutiny as 3G networks in some urban areas have begun to fail some wireless customers. As a way to solve the crowding problem AT&T has begun offering Wi-Fi hotspots in urban areas such as New York City. This will allow customers to use the faster Wi-Fi and hopefully clear up some 3G space for those not in the hotspot.
Advancements in the technology, especially new features found in the latest version of Wi-Fi 802.11n, increase the range and speed of the networks. In urban areas, Wi-Fi hot spots now extend almost 2,000 feet, which is nearly as far as some cellular cell sites, according to Jeff Thompson, CEO of fixed wireless provider Towerstream.
Whether Towerstream will team up with a big player like AT&T is pure speculation but TWER has a useful product and is positioned well concerning the 3G crowding problems.
Disclosure: no positions
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