SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elliot W who wrote (1265)2/23/1998 1:55:00 PM
From: Bernard Levy  Read Replies (1) of 2063
 
Dear Elliott:

Each bidder is given 5 waivers, i.e. 5 rounds where
they can abstain from bidding. After that, they are out.
I suspect the big boys are trying to wait until all the
small guys are out to step in and snatch their licenses
from them.

Theoretically, the bidding could last an extremely long time.
As long as one person places a higher bid in one round, the
auction continues. If after a while about 7 or 8 bidders
remain, they just need to bid one one out of 500 licences
in each round for the auction to continue.

I think the auction process favors the big entities (again).
Small bidders have probably only a few licences in which they
are interested. They must keep bidding on these licences until
they think their bid is high enough. As soon as they stop
and drop out of the auction, anyone can just step in and take
those licences away.

On the other hand, the big boys can just wait, bid on one
or two licences per round and try to give the impression
they are not very interested in the auction. As soon as
they will have persuaded the small guys to stop bidding,
you can expect them to jump on their prey.

Among the large entities, I think the strategy will be to
get their bidding eligibility credits tied up at the wrong
spots. If a bidder has all its bidding capital tied up somewhere,
it will have to let all other licences go. This situation favors
WNP, the largest of the large bidders.

I would be interested in the views of Jim Fink and Steve
Bowen (and others) on bidding strategies.

Best regards,

Bernard Levy
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News