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

To: Night Writer who wrote (998)	2/5/1998 12:29:00 PM
From: James Fink	Read Replies (2) \| Respond to of 2063

I think the decision not to bid in the auction means that CVUS has given up its dream of becoming a nationwide provider and is preparing itself for sale. CVUS will not be an independent company much longer. As for the possible buyers, I speculate that either WinStar or Teligent will buy CVUS in a stock transaction. WinStar's and Teligent's stock are very richly-priced right now and would make a good currency for the transaction. Given that WCII's stock is priced right now at about $36 per share, I guess they will offer CVUS shareholders about 0.42 WCII shares for each CVUS share. Similarly, because TGNT's stock is around $30 per share, they will offer about 0.50 TGNT shares for each CVUS share. Either way, the takeout price will be around the IPO price of $15. Not great for people who bought the IPO, but great for people who have bought in around $8. This is pure speculation on my part.