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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (546)	8/9/1999 1:19:00 AM
From: SteveG	Read Replies (1) \| Respond to of 1860

as I said, that Nakahata (the recent proposal's "draftee") was just previously Kennard's Chief of Staff, and was FFC chair Hundt's Chief counsel prior to that, lend considerable credibility toward (though no guarantee of) FCC acceptance. Consumer groups are another hurdle. The FCC's charge is not necessarily to create artificial arb opportunities for the CLECs - simply to bring on competition. Further, as Jacobs seemed to recant (or at least "clarify") on Friday's Nakahata call, not ALL CLECs will be affected adversely by this. According to Grubman, Reingold, Governali and other sellsiders, as well as from several CLECs themselves (WCII, MCLD and RCNC, among others), this ain't at all a bad thing - at worst. Still, the various regs are fairly complex, especially in their cumulative effect - though most close watchers can't see any serious negative for most "non-special access" resellers (see Grubman's table). Some may have seen in current Barrons that Sanford Bernstein (pre-WinStar haunt of telecom analyst Steve Chrust) is planning a public offering - the largest of it's kind. In that spirit, I'm sure Tod Jacobs won't mind if non-institutional clients tune into his replays (all 3 available) at: 800-685-0192 No codes needed, at least for now. The one with Nakahata (option 7) IMO is definitely worth a listen. Net-net, seems like an information-arbitrage buying opportunity for certain CLECs has been created. Tod's next topics? Aug 16th - cable open access Then, Aug 23rd - SBC and 1) Texas Long Distance Entry; 2) SBC/AIT Merger; 3) New Texas Legislation Impact on SBC; and 4) State of Local Competition