CWSS - A new dog with the same fleas? Message Board

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Technology Stocks : CWSS - A new dog with the same fleas?

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To: curt lundgren who wrote (46)	4/2/1999 8:28:00 AM
From: Felipe Garcia	Read Replies (1) of 102

MCI WorldCom to Have 'Control Position' in CAI, CNBC Says New York, April 1 (Bloomberg) -- MCI WorldCom Inc. will have a controlling stake in CAI Wireless Systems Inc. following its recent acquisition of debt and equity in the company, CNBC reported, without citing a source for the information. MCI WorldCom will file disclosure documents on the stake with the U.S. Securities and Exchange Commission by mid-April, CNBC said. Officials from neither company were immediately available to comment. MCI WorldCom, the second-largest U.S. long-distance company, bought debt of CAI, People's Choice TV Corp., Wireless One Inc. and closely held CS Wireless Systems Inc. from a Merrill Lynch & Co. fund. (CNBC 4/1 www.cnbc.com) Hey Curt; I can't speculate on continued buying from MCI, however, with this latest press release by Bloomberg its obvious that thing are moving very quickly. I think that there is definitely more upside potential with regard to the price of this stock. Regards, Felipe

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