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Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (4926)	4/14/1998 12:32:00 PM
From: Zorro	Respond to of 5812

Bill, try caiwireless.com PCTV is taking a beating today... see biz.yahoo.com

To: Bill who wrote (4926)	4/17/1998 1:21:00 PM
From: Bill	Respond to of 5812

Interesting post from Albany,NY on Yaho. I certainly appreciate your enthusiasm and I am sure that may of the continuing investors on this board do as well. I have observed the postings on this board as the stock has fallen from its brief encounter with $4 and have seen some shameful messages. Yesterday some bitter sell-out "boasted" of selling 11k shares at 35c. He must not realize that there was only one sale executed at that price yesterday at 9:55:48am and that was for 5k shares. Perhaps he is not as big or as knowledgable an investor as he would like to be. To address your particular issue I am inclined to agree with your assessment of management's future. Not only should Jared step aside but I have very little faith in Mr. Ashman, the CFO. He has been ineffective and has continued to alienate the company from the capital markets community. I recognize the difficulty of his position but the continued existence of the company is at stake. That said, he has continued to be an inside seller at the sub-1$ level. I am yet to hear any "spinster" convince me that this is not a negative sign. Your assessment of ATT as an acquirer, although logical, is probably incorrect. This company, and its collective peers; ATEL, HART, and WIRL, have a combined market cap of only $54MM. This is remarkably low. However, I just don't think that an AT&T exec. would stand before the board and suggest CAWS as an acquisition target because it does not make strategic sense and there is not a compelling enough technological arguement. You can ask the BANX execs. that cut the original deal about how smart of a carrer move that was. However, the interest in the company (or the collective companies) will come from a financial investor. There are compelling financial motivations for such a move. It is a matter of public record that Merrill Lynch has a huge financial interest in this company and I encourage you to read the fine print relating to the 3/03 announcement of a financial restructuring. That is all I can say on that topic. In the plainest of English, the only real impediment to a an immediate take-over is the debt load and the Sr. Notes that are approaching their 2002 maturity. I think we all know the reality behind making those go away. That said, as long a Merrill (or any other Street firm) is joining us in the lower right side of the Balance Sheet with convertibility and/or preferred stock exposure then there may be more hope than many realize. It may be ill advised for the senior credit providers to try to acquire the assets (spectrum) of the company through a bankrupcy because the potential for a class action suit is high. However, I am confient that there are no fewer that two partners and a host of assicate lawyers exploring this alternative. I am sorry for being so long winded but I would like to leave you with the following closing remarks. On the Bloomberg news releases James Ashman, CFO (518)-462-2632 and Michael Glickman (212) 838-3777 are listed a contacts to clarify public information. I encourage you to contact them. You might even ask John Prisco (at CAWS) to comment on the future prospects for the company. He has a solid grasp on the technical issues of MMDS. Good luck and good investing.