>>Anyone managed to get through to the Lawyers this morning???
Here's one but how???
Malcolm, can you call Milberg Weiss at 1-800-922-0187 and post the
detail here. I can't get to a phone.
For those of you who decided to stick with a sinking ship (SHIT),
GOOD LUCKY!
After $100 Million down the toilet, the BELLs wanted out.
Why can't you take the lose? 'cos you are NOT a loser, it's not a
lose until it's sold?
NEW YORK, Dec 6 (Reuter) - Bell Atlantic Corp (NYSE:BEL) said
Friday that it and merger partner NYNEX Corp (NYSE:NYN) are
re-evaluating their methods for offering video to homes after
disappointing results from wireless cable firm CAI Wireless
Systems Inc.
CAI stock was down 1-1/8 to 1-5/8 after the New York Times
first reported the Bells' move.
"CAI hasn't managed the penetration in the East Coast cites
that we hoped for. That obviously means some re-examination of
the strategy for delivering video," Bell Atlantic spokesman
Eric Rabe said.
The two Bells have invested $100 million in CAI, which plans to use microwave signals, beamed by line of sight to wall-mounted receivers, to deliver television signals. However, the proportion of homes which could be reached in trials has proven uneconomically low because of signal obstruction by hills, trees and other buildings.
On the West Coast the technology has had fewer problems.
Rabe said Bell Atlantic may issue a statement later on what
its plans were. He declined any further comment.
The New York Times said the Bells were considering using
satellite technology instead of microwave signals.
The newspaper predicted that TeleTV, a venture to produce
programming and entertainment that is owned by the two Bells
and Pacific Telesis Group (NYSE:PAC), would end up being folded
into Bell Atlantic as a result.
The report also said Bell Atlantic and NYNEX were
considering buying a stake in American Sky Broadcasting
(ASkyB), a venture between Rupert Murdoch's News Corp Ltd
(AUS:NCP) and MCI Communications Corp (NASDAQ:MCIC).
-- Nick Louth, New York Newsroom 212 859 1610 |
