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

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To: ray hackett who wrote (1604)3/19/1998 1:38:00 PM
From: Karl Schwarszchild  Read Replies (1) of 2063
 
Ray,

Please elaborate the means by which you arrive at a license valuation of $1.25/share.

If one calculates CVUS' license value on the basis of what is being paid for other LMDS frequencies in the same New York territory (BTA 321), license value equates to $6.60/share.

If one calculates CVUS' license value on the basis of what is being paid for Boston city LMDS frequencies, license value is $4.45/share.

Add $.75/share (shareholder equity) to the above per share license values to arrive at a final fair CVUS share price. Fiber-optic linked cell sites and command center have value. (So does subscribership, though such is not reflected in equity value.)

As for New York, it is an especially UNWIRED city, despite its financial and media underpinnings, offering CVUS and others tremendous opportunity!
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