SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: transmission who wrote (358)6/4/1999 3:30:00 AM
From: SteveG  Read Replies (1) of 1860
 
Fwiw, I've established some recent FCC contacts, so will see if I can find an answer before I head east this weekend.

And someone earlier mentioned (Bernard?) Triton equipment as not being likely involved (?). Note that the Herring article links ARTT funding syndicate leader Oak Partners as a backer of Triton, so this connection is not an unreasonable guess. redherring.com

What I don't understand is if QWST and this syndicate are taking on the current risk and doing most of the necessary heavy lifting, why they would be willing to share the fruits of their labor with the existing shareholder base.

I also wonder if ARTT will get the necessary 50% shareholder approval, since $8/share seems pretty low for a majority interest. I don't think this is a "shoe-in" by any means. Then there is the issue of new debt, which means existing bondholders will need to be convinced to allow senior debt ahead of them. One wonders if they will think Harry is up to the task - though perhaps they would be more comfortable with Nacchio in a more active role.

Anyway, just thinking out loud, and still long. The 50% race is on - does WCII see $75 before ARTT sees $20? ARTT looked pretty strong today.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News