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: RCJIII who wrote (51)	4/4/1999 11:36:00 AM
From: SteelerStu	of 102

ATEL FROM RB BOARD: Valuation by: mikeycpa 892 of 896 I agree that the value in ATEL is in its line of sight households. All of the MMDS wireless companies that made moves this week (ATEL,CWSS and PCTV)all lose money. CWSS closed at 9 1/2 last week which gives it a market cap of approximately 164,000,000 or approximately $26 per line of sight household. If ATEL has 10,000,000 line of sight households, applying the CWSS multiple would put ATEL at a market cap of 260,000,000 or $10 per share. As the news wires have indicated, WCOM will file with the SEC its controlling interest in CWSS by mid April. I compared ATEL's Balance Sheet to CWSS's at December 31, 1998 and found them both to be relatively weak and if anything, ATEL's was the lesser of two evils with $11 million in cash compared to CWSS $2 million. Also CWSS has capitalized $49,000,000 of Goodwill and deferred financing costs (funny money) compared to ATEL's $2 million. My ATEL guesstimate is between $5 and $10 per share.

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