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

To: x70sxn who wrote (897)	1/21/1998 6:57:00 PM
From: James Fink	Read Replies (1) \| Respond to of 2063

I have received an e-mail from the Dow Jones columnist who wrote the story on Cellularvision yesterday. He told me that the FCC will release the list of LMDS bidders on Friday: Dear Mr. Fink, I spoke to an analyst on Wednesday who said the FCC is going to release the names of the bidders on Friday. Cheers, Matthew Newman

To: x70sxn who wrote (897)	1/21/1998 6:59:00 PM
From: James Fink	Read Replies (1) \| Respond to of 2063

The following is an excerpt from Communications Daily: Incumbent cable and phone companies urged U.S. Appeals Court, D.C. Friday to overturn FCC Decision to bar them from acquiring LMDS licenses in next month's spectrum auction. Companies said that restricting them from buying licenses in largest sale ever would reduce competition in local phone and cable markets, while the FCC said intent of ban is to increase competition. During hour of questioning, 3-judge panel kept opinions masked. Judge Patricia Wald said that she was impressed by testimony of FCC attorney Joel Marcus, who argued that goal of restrictions is to foster competition in cable and local telephone markets that "had been and continue to be monopolies." Judge Wald said: "This is not a compliment, but you add a certain richness to the argument." In response to a question, Marcus said "the FCC premise, again, is that you gain competition by excluding the big players temporarily." Wald asked companies what would happen if court failed to rule by January 20 application deadline for auction. Cable and telephone company representatives said they could file applications for auction and participate in bidding, but under curent rules would have to pay "substantial withdrawal penalty" if they were forced to give up licenses. CONCLUSION: The LMDS auction will not be stayed and the Bell companies/cable companies probably filed applications yesterday, but they will only bid if the FCC rule is overturned by the time the auction starts on February 18.