What is this 'W' logo on my stem?

beepbeep

Senior Retro Guru
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Just bought a Monoc road bike from around 2003, it has this carbon fiber stem with a 'W' logo on that I don't recognise. Any ideas?

Cheers!
 

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I thought it might be an upside-down M too, but the Monoc logo looks nothing like this style. M's look a bit different to W's too.

Had a google but nit managed to find anything yet.... :(
 
StemInvert.jpg


The logo inverted- definitely a W- the composition looks too top heavy this way- ye'd tend to have the sllipses the otner way and the straight edge of the letter at the bottom.
 
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