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

To: DreamWeaver who wrote (1734)	3/28/1998 6:35:00 PM
From: Bernard Levy	Read Replies (1) \| Respond to of 2063

For those who did not notice, there was a reasonable assessment of the LMDS auction in the bond trading section of this week's Barron's. The assessment is that it is not the price paid for the LMDS spectrum that matters, but how companies are rolling out services and executing their business plan. WCII, TGNT and WNP are all mentioned. The writer says that WCII is 1 year ahead of TGNT and 2 years ahead of WNP. The writer says that WCII and TGNT got their spectrum at an earlier spectrum sale, which is obviously incorrect (WCII got some of its licenses for free, and TGNT got its spectrum for free, or through graft). The writer does not seem to have noticed that TGNT's spectrum (400MHz) is significantly less than the LMDS spectrum just auctioned. Also, WCII will need to retrofit its point-to-point infrastructure. I also place WCII ahead of the pack, but I do not think that TGNT is that far ahead of WNP. Of course, unmentioned, and probably unmentionable, CVUS and its CEO, Shant Hovnanian., the great laggard in developing a business plan and executing it.