CellularVision (CVUS): 2-way LMDS wireless cable. Message Board

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

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To: JW@KSC who wrote (1652)	3/20/1998 3:54:00 PM
From: James Fink	Read Replies (2) of 2063

Shant should spend more time with CVUS and less time with his home-building business: Friday March 20, 2:19 pm Eastern Time Hovnanian says to acquire a Virginia builder RED BANK, N.J., March 20 (Reuters) - Hovnanian Enterprises Inc said Friday it agreed to pay cash to acquire the assets of Woodbridge, Virginia-based P.C. Homes in a deal that Hovnanian sees as accretive to its earnings per share in fiscal 1998. Hovnanian, a builder of single-family and homes and townhouses, did not disclose additional terms of the transaction in its press release. The company expects to complete the transaction in its fiscal third quarter ending July 31. P.C. Homes, which builds homes in northern Virginia, had 1997 revenues of $27 million. P.C. Homes expects to deliver 175 new homes in 1998 up from 153 homes in 1997.

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