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


To: CAP who wrote (968)2/2/1998 1:12:00 PM
From: James Fink  Read Replies (1) | Respond to of 2063
 
Logimetrics, Inc. originally entered into the contract with CT&T. Therefore, whether Logimetrics believes CT&T is currently creditworthy is irrelevant -- there is a binding contract to perform. If CT&T is having problems honoring payments to Logimetrics, that is not CVUS' problem. For CVUS to take on the $2.6 million obligation under the Logimetrics' contract, CT&T must be giving CVUS something in return. I hope CT&T is reducing its fee arrangement with CVUS for the amount of the debt. Otherwise . . . we have a problem.