| Business Summary | | Pinnacle
Holdings,
Inc.
is
an
independent
provider
of
wireless
communications
site
space
in
the
United
States.
The
Company
focuses
primarily
on
renting
space
on
communications
sites
to
providers
of
wireless
communications
services,
such
as
personal
communications
services
(PCS),
cellular,
paging,
specialized
mobile
radio
(SMR),
enhanced
specialized
mobile
radio
(ESMR),
wireless
data
transmission
and
radio
and
television
broadcasting.
Pinnacle
has
focused
on
creating
a
portfolio
of
communications
site
clusters
in
high
growth
markets
such
as
Atlanta,
Birmingham,
Boston,
Chicago,
Dallas,
Houston,
Los
Angeles,
New
Orleans,
New
York,
Orlando
and
Tampa.
As
of
December
31,
2000,
the
Company
had
completed
572
acquisitions,
acquiring
5,123
communications
sites,
including
2,361
owned
sites,
565
managed
sites,
936
leased
sites
and
1,156
non-revenue
sites.
In
addition,
the
Company
has
constructed
105
towers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pinnacle
Holdings,
Inc.
is
a
provider
of
wireless
communications
site
space,
renting
space
to
providers
of
wireless
communications
services
such
as
PCS,
cellular,
paging,
SMR/ESMR,
wireless
data
transmission
and
radio
and
TV
broadcasting.
For
the
six
months
ended
6/30/01,
revenues
rose
16%
to
$97.4
million.
Net
loss
totaled
$109.3
million,
up
from
$44.8
million.
Results
reflect
the
acquisition
or
construction
of
additional
sites,
offset
by
increased
non-cash
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Steven Day, 48 Pres,
CEO, Director | $478K | $383K | Ben Gaboury, 50 Pres
of Pinnacle Towers Inc. | 281K | 383K | David Koehler, 43 VP,
Fin. | 110K | -- | Christine Shirley, 38 VP,
Treasurer | -- | -- | Decker Todd, 39 Assistant
Sec., Controller | 110K | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|