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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: Zorro who wrote (1275)2/23/1998 5:37:00 PM
From: James Fink  Read Replies (2) of 2063
 
I am convinced that WinStar wants to buy CVUS. WinStar must pay cash in the auction for the NY "A" Block license. In contrast, WinStar can use its richly-priced stock to buy CVUS. Granted, WinStar already owns 900 MHz of spectrum in New York at 38 GHz. Maybe they don't need anymore bandwidth. Still, I think they would purchase CVUS just to prevent a competitor from having it. Although pure speculation, I think WinStar would be willing to pay 0.40 shares of its stock for each share of CVUS. At WCII's current price of $35, takeout price for CVUS would, therefore, be around $14 per share.
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