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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 (1211)	2/19/1998 7:38:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 2063

Thanks James for clearing up my confusion. Let me try some numbers again. According to Steve's post #1100 "The total population of the New York market is 18,050,615. CVUS' license covers 8,546,846. Therefore the Block A license that will be auctioned for NYC will cover 9,503,769. The Block B license will cover the entire 18M pops." Now Winstar has bid $32M or $3.37/pop for that Block A license, so we can figure this sets a current value of CVUS' license at $29M. From another earlier post I saw that CVUS has 16M shares outstanding so this would mean that CVUS' license has a current value of $1.80/sh. Of course, the value of CVUS is more than just its license and we hope that the bidding will go much higher. Do you think that my calculations are in line with consensus opinion on this thread? Or am I still confused?