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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.

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To: Steven Bowen who wrote (901)1/22/1998 8:33:00 AM
From: James Fink  Read Replies (1) of 2063
 
1. "An independent research firm has estimated the value of this license to be approximately $28.80 per pop (unit of population) or about $250 million."

Comment: I wonder what research firm the article is referring to? Could it be Strategis? I thought Strategis had estimated the license was worth more.

2. "We are confident that this and the other financing alternatives we are currently discussing will see us through to the LMDS auctions."

3. "The company's cash position as of the closing of this note is approximately $1 million. CVUS net working capital deficit is approximately $6 million. Property plant and equipment is estimated at $21 million with debt under $9 million. Stockholders' equity is currently estimated to be approximately $12 million."

Comment: I didn't realize that CVUS' financial situation was so precarious. It needs money just to make it until the Feb. 18 auction?
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