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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: Night Writer who wrote (842)1/11/1998 5:15:00 PM
From: Bernard Levy  Read Replies (1) of 2063
 
NightWriter:

In spite of my lack of extreme enthusiasm for CVUS,
I view it as extremely undervalued at its current
price. The market currently values the entire
company, license included at $80M. Patient investors
should be well rewarded. In fact, I do not understand
why anybody would want to sell at the current price,
when the auction is just around the corner. Even an
auction delay of 2 or 3 months would not truly justify
selling.

To provide a benchmark, consider for examply Winstar.
It is now one of the hottest stocks in the telecom sector.
Yet, it was only at $10 last May. I bet that all those
who sold in May must feel like a bunch of fools. The
same could easily happen to CVUS.


Bernard
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