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Technology Stocks : WCOM
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To: JM who wrote (4201)4/17/1999 12:26:00 PM
From: P.M.Freedman  Read Replies (2) of 11568
 
CSWW, previously symbolized as CAWS that delisted from NASDAQ, had a partnership with BellAtlatic two years ago. BEL invested in it over 6 millions but finally gave up. CAWS bought the spectrum a couple years ago and tried to fool the street with wireless Internet technology. Unfortunately, they failed. CAWS crashed from $17 to worthless and then BEL sold all of the stocks they had at around $1. It quite confused me that MCI WorldCom picked up this dog again. One possibility is MCI has tested MMDS technology successfully. They gave away its $700million satellite slot to DISH and spent $400million (not include the bonds purchasing they did before) for MMDS spectrum. The Street needs an explanation on this action. Good luck!
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