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   Technology StocksSBA Communications Corporation (SBAC)


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To: fiberman who wrote (67)11/2/1999 4:03:00 PM
From: richard p. martino
   of 100
 
I read somewhere the 8th, but it's not what I would call a reliable source. I believe they reported the middle of the month last Q. If that holds true, then maybe 15th or 16th.

rpm

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To: fiberman who wrote (67)11/4/1999 8:42:00 AM
From: richard p. martino
   of 100
 
CC on Friday, Nov 12 at 10 am

Also, the consent solicitation was approved for $300M line of credit

biz.yahoo.com

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To: fiberman who wrote (67)11/5/1999 8:34:00 AM
From: richard p. martino
   of 100
 
Deutsche Banc Alex Brown Reiterates buy on SBAC

"...secures additional borrowing capacity, 99 estimate ($0.21)
and 00 estimate $0.05"

companysleuth.com

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To: richard p. martino who wrote (71)11/11/1999 10:33:00 AM
From: FUZFO
   of 100
 
SBAC making new highs today, glad I held and averaged down below $10 :-))) ROFLMAO Wahooo!

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To: FUZFO who wrote (72)11/11/1999 6:32:00 PM
From: mike machi
   of 100
 
BBBBBBBBBBBLLLooooooowwwwwwwwwwwwww oooooooutttt!!!!!!!!

Thursday, November 11, 1999 - 3:27 PM PT

SBA Communications Corporation Reports Record 3rd Quarter Results
11/11/99 2:31:00 PM
Source: PR Newswire
BOCA RATON, Fla., Nov. 11 /PRNewswire/ -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA") announced its financial condition and results of operations for the third quarter ended September 30, 1999. Total revenues for the quarter increased 85.1% to $24.6 million from the third quarter of 1998, due to both higher site leasing revenue and site development revenue. The quarterly revenues were the highest in the company's history. Site leasing revenue increased to $7.1 million for the quarter, also a record for the company, and a 113.6% increase over the third quarter of 1998. Gross profit for the quarter increased 130.7% to $7.7 million from the third quarter of 1998, due to higher site leasing and site development gross profit. Site leasing gross profit, or tower cash flow, increased to $3.9 million for the quarter, again a record for SBA and a 174.9% increase over the third quarter of 1998. Earnings before interest, taxes, depreciation, amortization and non- cash compensation charges (EBITDA) for the quarter increased to $3.0 million from a loss of ($0.9 million) in the same period last year. As of the end of the quarter, SBA owned 956 towers, compared to 494 towers owned as of December 31, 1998. In addition, SBA experienced a record number of new tenant additions to its tower portfolio in the quarter. On a pro forma basis, same tower revenue increased 31% from September 30, 1998 to September 30, 1999.


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"The third quarter was a very successful quarter for us," commented Steven E. Bernstein, Chief Executive Officer, "and was a continuation of the strong operational execution and financial performance we have enjoyed all year. We added a record number of towers to our portfolio, and enjoyed many synergies between our site development and site leasing businesses which resulted in record quarterly revenue, gross profit and EBITDA. We are well-positioned for continued growth. There remain an abundance of opportunities to add quality tower assets and the demand for our services is very strong. Most importantly, we are enjoying great success in adding new tenants to our towers. Demand from wireless voice carriers is very high, and we are starting to see increased activity from the newer wireless technologies. We believe our portfolio of mostly newly built, high capacity towers, in locations specifically selected by us, will continue to have very good lease-up."

SBA is a leading independent owner and operator of wireless communications infrastructure in the United States. SBA generates revenue from two primary businesses -- site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. Since it was founded in 1989, SBA has participated in the development of over 13,000 antenna sites in the United States. At September 30, 1999, SBA was involved in projects for over 700 new tower builds throughout the nation and had agreements to acquire 63 additional existing towers in 14 separate transactions for an aggregate purchase price of $19.1 million, representing a 13.1 times multiple of current tower cash flow. These acquisitions are anticipated to close by March 31, 2000.

SBA will host a conference call Friday, November 12 at 10:00 a.m. Eastern Time to discuss its financial results for the quarter ended September 30, 1999. The conference call number is 800-230-1092.

Information Concerning Forward-Looking Statements
Some information in this release is forward looking. These forward-
looking statements may be affected by the risks and uncertainties in the
company's business. This information is qualified in its entirety by
cautionary statements and risk factors disclosure contained in certain of the
company's Securities and Exchange Commission filings. The company wishes to
caution readers that certain important factors may have affected and could in
the future affect the company's actual results and could cause the company's
actual results for subsequent periods to differ materially from those
expressed in any forward-looking statement made by or on behalf of the
company. With respect to proposed acquisitions, a number of factors,
including without limitation, ongoing due diligence, third party consents and
the lack of definitive documentation will affect the timing of consummation or
whether such acquisitions are ever consummated (of which there can be no
assurance). With respect to pending new tower build projects, a number of
factors will affect the timing and number of new build completions, including
without limitation, zoning difficulty, carrier design changes, changing local
market conditions and weather. The company undertakes no obligation to update
forward-looking statements to reflect events or circumstances after the date
hereof.



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To: mike machi who wrote (73)11/11/1999 6:47:00 PM
From: caly
   of 100
 
Revenue is increasing nicely.

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To: caly who wrote (74)11/11/1999 7:07:00 PM
From: mike machi
   of 100
 
Great Q....

Last trade in Isl.. 15 7/16!!!!

Mike

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To: mike machi who wrote (75)11/11/1999 7:24:00 PM
From: mike machi
   of 100
 
Edit 15 3/4

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To: mike machi who wrote (76)11/11/1999 8:10:00 PM
From: mike machi
   of 100
 

SBA Communications Corporation
SUMMARY HISTORICAL FINANCIAL DATA

For the three months For the nine months
ended September 30, ended September 30,
1998 1999 1998 1999
Operating Data:

Revenue:
Site development
revenue $ 9,965,367 $17,500,989 $33,623,782 $39,723,133

Site leasing
revenue 3,327,964 7,110,004 8,132,215 18,009,433

Total revenues 13,293,331 24,610,993 41,755,997 57,732,566


Cost of revenues:
Cost of site
development revenue 8,044,084 13,689,711 26,014,756 30,322,472

Cost of site
leasing revenue 1,919,516 3,238,123 5,039,074 8,392,646

Total cost of
revenues 9,963,600 16,927,834 31,053,830 38,715,118


Gross Profit 3,329,731 7,683,159 10,702,167 19,017,448


Operating expenses 4,325,787 4,781,248 13,127,718 13,714,319

Depreciation and
amortization 1,326,467 4,313,319 2,803,936 10,982,712

Total operating
expenses 5,652,254 9,094,567 15,931,654 24,697,031


Operating loss (2,322,523) (1,411,408) (5,229,487) (5,679,583)


Other income
(expense) (3,409,694) (6,401,375) (7,437,188) (18,650,459)

Loss before income
taxes and
extraordinary item (5,732,217) (7,812,783) (12,666,675) (24,330,042)

(Provision) benefit
for income taxes 612,229 (172,898) --- 403,003

Net loss before
extraordinary item (5,119,988) (7,985,681) (12,666,675) (23,927,039)

Extraordinary item --- --- --- (1,149,954)

Dividends on preferred
stock (712,500) --- (1,862,500) 733,403

Net loss to common
shareholders $(5,832,488) $(7,985,681) $(14,529,175) $(24,343,590)

Basic and diluted
loss per common
share $ (0.66) $ (0.28) $ (1.73) $(1.49)

Weighted average
number of shares 8,877,738 28,450,537 8,407,238 16,348,073

Other Data:
Earnings before interest
taxes, depreciation,
amortization and
non-cash compensation
charges $(947,931) $ 2,951,907 $(2,281,176) $5,489,775


Annualized Tower
Cash Flow $ 5,633,792 $15,487,524


As of As of
December 31, September 30,
1998 1999
(IN THOUSANDS)
Balance Sheet Data:
Cash and cash
equivalents $26,743 $ 2,705
Total assets $214,573 $347,184
Working capital $ 8,803 $(8,321)
Total debt $182,573 $255,912


SOURCE SBA Communications Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Jeffrey A. Stoops, Chief Financial Officer, SBA Communications
Corporation, 561-995-7670
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 120891

WEB PAGE: sbasite.com

GEOGRAPHY: Florida

INDUSTRY CODE: TLS

SUBJECT CODE: ERN
OTC

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To: FUZFO who wrote (72)11/11/1999 8:31:00 PM
From: richard p. martino
   of 100
 
Great earnings report....we should do well entering the cc tomorrow

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