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

To: SteveG who wrote (1816)	4/7/1998 8:21:00 AM
From: EdR	Read Replies (1) \| Respond to of 2063

SteveG, Here it is...what do you make if it? CellularVision USA Announces Closing of $10 Million Financing Package; CS First Boston Affiliate Provides Cornerstone of Financing April 7, 1998 07:00 AM NEW YORK, April 7 /PRNewswire/ -- CellularVision USA CVUS announced today that it has completed a $10 million financing package which will provide funding to continue the build out of the company's network infrastructure, expand its Internet subscriber base and provide operations support to existing services. The lynchpin of the financing package is the purchase by a CS First Boston affiliate of the Company's newly issued Series A Convertible Preferred Stock. In addition, a private investment firm, has made a $2 million stock purchase commitment which can be utilized at the sole discretion of the company. CVUS filed a Form 12b-25 with the SEC on April 1, 1998, allowing a 15-day extension for filing Form 10-K. The extension will allow the Company to include detailed information on the new financing agreements within the 10-K. The company believes this will be considered a "timely filed" 10-K for all SEC purposes. CellularVision USA, Inc. is the first Local Multipoint Distribution Service (LMDS) provider licensed by the FCC. This license grants CVUS 1,150 MHz of spectrum throughout the 1,100 square mile New York Primary Metropolitan Statistical Area, which encompasses approximately 8.6 million people. This equates to 98.9 million channel pops within the most dense population and business market in the country. CVUS service is not currently available in all parts of its licensed service territory. CVUS provides Super-Wireless high-speed Internet access and multichannel subscription television service to its customer base, and is authorized to provide local loop telephony and other telecommunications services in the state of New York. For more information about CVUS, please visit the company's Web site at cellularvision.com. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties, including, but not limited to the possibility that technological or other factors may cause the timing and/or capacity of new products to differ materially from those projected in the forward-looking statements. SOURCE CellularVision USA

To: SteveG who wrote (1816)	4/7/1998 8:33:00 AM
From: Frank Duda	Respond to of 2063

Well I guess this post will blow my credibility out the wahzoo, but this thread is so much more civil, and the folks are much nicer here. Steve G, You have IMO hit the nail on the head. Even if SH were to step down as CEO wouldn't he and top management have to find someone who would accept the current relationship with CT&T? A relationship many on this thread don't take kindly to. Also in some cases no news is good news, but in this case no news is not a good sign. If anything, this investment has taught me not to put all of my LMDS eggs in one basket. Expensive lesson. Frank