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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: James Fink who wrote (857)	1/15/1998 11:21:00 PM
From: James Fink	Read Replies (1) \| Respond to of 2063

The FCC has released its minimum opening bids for the LMDS auction. For large metropolitan areas (i.e., more than 1 million people), the minimum bid for the A block is $2.25 per pop. Keep in mind that this is the MINIMUM; I fully expect these licenses to go for much more. The highest minimum bid is for the Los Angeles license: $32.74 million. The next highest is for New York (minus the PMSA held by CVUS): $21.38 million. The next highest is for Chicago: $18.41 million. Rounding out the top five are San Francisco ($14.45 million) and Philadelphia ($13.27 million). Let's all hope that the winning bids for these licenses is at least ten times the minimum! Jim