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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: VanGo101 who wrote (4515)1/15/1998 7:57:00 PM
From: Zorro  Read Replies (3) of 5812
 
Van,

I listened to the conference call twice. I tried listening very carefully. JA appeared a bit nervous but very straight forward. The update on the comment cycle of the NPRM for 2-way MMDS was excellent. I am also impressed with CAI's progress over the last year in the regulatory arena and in its development of 2-way technology and applications. I also do not doubt that the Boston system is the only one of its kind in the world. With regards to the possibility of restructuring (whatever that may really mean), I am concerned with the impact it may have on shareholders like ourselves. I would have liked for JA to further expand on the downside of CAI running out of money in the near term. While I feel confident that CAI management is presently working its butt off to make a strategic partnership happen, it was only fair for JA to advice us that there is a possibility that it may not happen in time for CAI to either exercise the BANX option and/or meet key financial obligations.

What's going to happen next? Your guess is as good as mine. I have no further insight as to what is happening behind closed doors. Perhaps we should keep a very close eye on insider activity. I would also like to know if and when the company blackout on insider selling was lifted.

Despite all, I still believe CAI will manage to survive. But that's just my gut feeling. Also, there is no way in hell that I am going to sell my shares at 50 cents. If CAI sinks, I will sink with it.

Good luck to all,

Z
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