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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.
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To: Kennard who wrote (1693)3/25/1998 8:29:00 AM
From: James Fink   of 2063
 
Here is the Raging Bull article on CVUS:

CellularVision USA (CVUS) rose +3/8 (+9.38%) in heavy trading today to close at 4 3/8. CVUS is now up over 20% over the past week. Based on trading in the stock, it appears that some bigger investors may be getting back into the company after the recent drop in the shares. CVUS has been reacting to attention over a technology it invented call "Local Multipoint Distribution Service (LMDS)." LMDS is a wireless frequency that uses 1,000 MHz of spectrum in the 28 GHz frequency range. The technology could be used to beam "video, telephone and Internet services into homes and businesses." CVUS owns a license covering the attractive New York City metropolitan region, an area with appromixately 8.4 POPs, along with millions of daily office workers. Investors have responded to recent FCC LMDS auctions that have showed lackluster results, generating only $571 million in bids to date vs. pre-auction estimates ranging from $1 to $4 billion dollars. The auctions appear to be wrapping up. In addition, the Wall Street Journal recently said "customer service problems, lackluster interest in LMDS and a poor track record in attracting customers" could hamper CVUS's plans for wireless service.
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