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Steve: our dreams coalesce. A bidding war would be great. However, I believe T would only want wcii as a strategic play--e.g., keep it away from BT or WCOM. This would be accomplished by a foothold investment like wcii's in artt. So, we could see T taking a piece so we won't dance with the wolves. However, I don't see them thinking they need us--they probably already feel they've overpaid for teleport. I could see WCOM doing it after MCI is yesterday's meal. I think Sprint is too old and tired for now, plus they looked like fools in the MCI affair. BT, of course, may simply like to play because they made so much easy money last time. They could try a toehold--or larger--in the hope of being the decisionmaker in any play. But, bottom line, Bill R., doesn't strike me as likely to give up control unless he sells out for a huge sum---my guess is his role model of the moment is bernie ebbers; not bert roberts. That is not good news for short termers, but could be great news--with risk--for long termers. All just IMHO.Realize, too, that Bill R. and wcii effectively control ARTT's fate---they must "approve" all deals. Bad news for artt owners, including me, is that this toehold control may scare off potential bidders/entrants. BTW, what does any of this mean for the prospects of someone buying CVUS licenses, or for the value of the licenses picked up at the auction by those folks James is frightened of??? |
