I have just taken time to read the recent 8K filed by CAI
Wireless, and there are parts that are encouraging:
"In management's opinion, CAI's strategy will help meet the
current and perceived future competition and, in relation to
obtaining a new strategic partner, show the flexibility and
increased value of the Company's MMDS spectrum, if such
exploration is successful and rules are adopted by the FCC that
would result in a more efficient method of obtaining authority to
use the spectrum in a two-way mode.
While the Company awaits the outcome of the FCC's proposed
rulemaking, CAI has conducted commercial trials of its one-way
Internet access service in its New York, Rochester, NY and Boston
markets. This service is currently transmitting data at shared
backbone speeds of 27 Mbps downstream and utilizes a telephony
return path. As of November 30, 1997, the Company had
approximately 200 participants in such trials."
This sounds encouraging. But, then there are parts that are of a puzzling strategy that I don't understand:
"The Company does not, as a matter of course, publish its business
plans and strategies........... except as required by applicable
law."
In other words, the only news to come out is that required by
law!! Why???
VanGo101...Van |
