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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 (1406)	3/5/1998 3:23:00 PM
From: Brian Coakley	Respond to of 2063

Jim, How does CVUS debt differ from WCII debt? If CVUS gets the $40 mil loan then they will be, in your own words: "imploding from too much debt and darkening business prospects". Of course, this is nonsense. CVUS needs that money like we need air. Without the loan, or some other form of debt, CVUS is sunk. They need the loan to retain some leverage for negotiating a fair price when they ultimately are acquired. Whether or not, WCII has darkening business prospects will be plain for all to see when they announce 1q '98 results (apparently the strong 4q '97 results haven't convinced you), but from what I have observed about CVUS it is clear they have no business prospects. They have a huge "For sale" sign hanging in their lobby, and we shareholders have to hope they are acquired for more than their current stock price, a possibility that does exist. Just my opinion, Brian

To: James Fink who wrote (1406)	3/5/1998 4:41:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 2063

Just a guess, Jim, but I would imagine the "problem" is determining asset value of said franchise. Reminds me of the astronaut who snuck on a dozen US stamps to the moon with him. The press reported he tried to use his ownership of this particular dozen stamps as collateral for a loan. It was denied until he sold one and established the marketable value for his "mini hoard." He sold one at either Sotheby's or some other biggie east coast house, took care of the problem and voila...got his loan. Just a thought... O/49r