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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]
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To: Obewon who wrote (156)5/7/1999 12:52:00 AM
From: SteveG  Read Replies (1) of 1860
 
Thanks Obewon-

Your report seems consistent with my understanding of where ARTT is. We know they run out of $$ in June, and that appropraitely they are hunkering down and not building any further

IMO, Hirsch is cutting it REAL close. He may be playing for some "optimum" arrangement, when in fact he doesn't have the luxury or leverage of time in his corner - and his negotiating counterparts KNOW that very well. My concern as I've said before is that he doesn't have anything great to bring to shareholders, and any partial purchase arrangement may not get a higher valuation than ARTT now trades - why SHOULD someone pay up when ARTT is DEAD without them? I hope I'm wrong as I am long calls and stand to make a lot of money if the stock moves up (at least at THIS time), but these are my concerns at the 11th hour with a CEO I don't think is very sophisticated in dealing with the street OR in high level business negotiations.
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