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

To: Bernard Levy who wrote (1897)	4/15/1998 10:19:00 PM
From: Night Writer	Respond to of 2063

Bernard, Read the Technology section. It looked good to me. Read the competition section. Nothing new. Looked at the numbers. Build out sending grew faster then revenue. Read key officer retention. Had to be said. Read the new financing section. It did not look great. It appears the investment bankers are either stupid, greedy, or know something. IMHO something smells about the auction and this financing. NW

To: Bernard Levy who wrote (1897)	4/16/1998 12:48:00 AM
From: DreamWeaver	Read Replies (1) \| Respond to of 2063

<< The options (A) and (B) seem to indicate that the conversion price is floorless. >> This is of real concern. No offense but, Is there a "Super Finance Guy" out there that can confirm this? Why such a bum deal? Seems to me that alittle vendor financing with a big equip supplier (NT, LU, etc) would have been better and perhaps easier to come by. Is independece so important? Or are they embedded / coupled with Proprietary technology? Licenses like the one CVUS has are too valuable. Personally, I could care less about the number of subs. (although it has always erked me that video and data subs are always lumped together), the key is the financing and its effect on shareholders.