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

To: Judith Weintraub who wrote (1161)	2/17/1998 7:10:00 PM
From: James Fink	Respond to of 2063

Lynch Participation in FCC'S LMDS Auction Business Wire - February 17, 1998 11:57 GREENWICH, Conn.--Lynch Corporation (AMEX:LGL) announced that a subsidiary has agreed to provide certain bidding and other advisory services to BCK/Rivgam, L.L.C., which has filed an application to bid in the Federal Communications Commission's upcoming auction for licenses for Local Multipoint Distribution Services ("LMDS"). Lynch will receive a 5% net profits interest (after an assumed cost of capital) in BCK/Rivgam as compensation. Lynch is a diversified company with subsidiaries in multimedia, services and manufacturing, and actively seeks acquisitions, principally in existing business areas. CONTACT: Lynch Corporation Mario J. Gabelli, 203/629-3333