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

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To: Murray H. Feigenbaum who wrote (1601)3/19/1998 12:10:00 PM
From: ray hackett  Read Replies (1) of 2063
 
New to this thread, hope I am not subjected to a James Fink like volley of abuse but here goes. Do we know why the Logi note was discounted 10% when it was sold, it's either a really high coupon, Logi needs the money immediately or more worrying they doubt CVUS can pay. Couple of other observations. The New York spectrum has not exactly set the world on fire, by my calculation the non-PMSA market per pop price makes CVUS's spectrum worth about $1.25 a share. Even this price may be rich, the line of sight sucks in NYC, and it is one of the world's most competitive telecommunications markets. Also does anyone know if the PPE on the balance sheet is real given the way they changed business plans from video (bad) to internet (good).
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