Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tech Head who wrote (1573)	3/17/1998 8:26:00 PM
From: James Fink	Read Replies (2) \| Respond to of 2063

Based on the auction, the highest realistic per-pop value for New York City can be derived from Denver. (There are higher per-pop values than Denver, but they concern very small markets in New Mexico and I have therefore disregarded them. Denver yields the highest per-pop value for a major metropolitan area.) The high bidder in Denver is BTA Associates, which is given a 25 percent discount. The gross bid for Denver is $9.22 per pop. Taking out the "funny money" component yields a "hard money" net bid of $6.915 per pop (75% times $9.22). If CVUS' New York license is worth $6.915 per pop, that yields a net worth for CVUS of $6.915 times 8.6 million people = $59.47 million + $12 million equity from plant and equipment = $71.47 million. Divide this number by 16 million shares yields a per share value of $4.47.