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


To: MangoBoy who wrote (2022)7/2/1998 10:00:00 PM
From: Night Writer  Respond to of 2063
 
Subj: Investor Fails to Purchase Stock in CVUS
Date: 7/2/98 11:30:48 AM Eastern Daylight Time

Investor Fails to Purchase Stock in CVUS

NEW YORK, July 2 /PRNewswire/ -- CellularVision USA (Nasdaq: CVUS) said today that a funding source had defaulted on its agreement to provide equity funding to the Company. Approved in April, the transaction that would have provided $2 million in cash to the Company simultaneously with scheduled principal and interest payments on the Company's outstanding debt of approximately $3.3 million, which are now overdue.

The Company is in discussions with its debt holders regarding forbearance and rescheduling of their claims. In addition, as previously announced, the Company is working closely with Wasserstein Perella & Co., Inc. and is currently considering a number of financing and strategic alternatives.

CellularVision USA, Inc. is the first Super-Wireless Local Multipoint Distribution Service (LMDS) provider licensed by the FCC. CVUS serves the 1,100 square mile New York Primary Metropolitan Statistical Area, which encompasses approximately 8.6 million people. CVUS provides Super-Wireless high-speed Internet access and multichannel subscription television service to its customer base. For more information about CVUS, please visit the Company's web site at www.cellularvision.com.

SOURCE CellularVision USA

CO: CellularVision USA

ST: New York

IN: CPR TLS

SU:

07/02/98 11:26 EDT prnewswire.com



To: MangoBoy who wrote (2022)7/2/1998 11:22:00 PM
From: Night Writer  Respond to of 2063
 
freeedgar.com



To: MangoBoy who wrote (2022)7/4/1998 12:19:00 AM
From: Night Writer  Read Replies (1) | Respond to of 2063
 
Subj: LMDS, CATV, Telephone, Internet: Which is the Best...
Date: 6/25/98 8:27:15 AM Eastern Daylight Time

LMDS, CATV, Telephone, Internet: Which is the Best Network? Asks Insight Research

PARSIPPANY, N.J.--(BUSINESS WIRE)--June 25, 1998--LMDS, a new wireless technology capable of supporting voice, data, video, and interactive services over a single network is being touted as the network of the future, says a new market research report from INSIGHT RESEARCH. Yet after analyzing LMDS alongside of the transmisson and business characteristics of seven other networks including telephone, cable TV, and the Internet, INSIGHT concluded that no single network architecture can offer the complete communications solution.

According to INSIGHT's report "Network Topologies for Future Telecommunications Services 1997-2002", there is no single answer to what type of network architecture service providers will be using to deliver communications services in the years ahead. INSIGHT expects competition will force carriers to examine the differing needs of consumers and businesses and offer alternative services tailored to the needs of each market.

"A superficial look at the whole spectrum of architectures--POTS, CATV, cellular, PCS, MMDS, LMDS, DBS, LEOs/MEOs--might suggest that LMDS is the best bet because it handles voice, data, video, and interactivity," says Robert Rosenberg, president of INSIGHT. "But how much sense does it make to deploy a relatively high-cost LMDS system to deliver video while satellite is so much cheaper? The point is that in the future, carriers will utilize a mix-and-match of networks to align cost/benefit with each customer's requirements," Rosenberg concludes.

According to INSIGHT, investment costs per subscriber varies from a low of $415 for one-way satellite networks to a high of $1,856 for two-way POTS networks. The other network types fall within these boundaries, with cellular networks at $718 and CATV networks at a lower investment of $610.

Further insights into network architectures, network cost analysis, and the network strategies of telecom carriers are published in "Network Topologies for Future Telecommunications Services 1997-2002", a 198-page market research study now available from now available from INSIGHT RESEARCH for $3,495.

INSIGHT RESEARCH, based in Parsippany, NJ, is a respected source for telecommunications market research and competitive analysis. INSIGHT can be reached via the web at insight-corp.com, and an excerpt of this study is available on the insight-corp.com page. For more information on this study, please contact: Tara D. Mahon, THE INSIGHT RESEARCH CORPORATION, Gatehall I, One Gatehall Drive, Parsippany, NJ 07054, tara@tm.insight-corp.com, phone: (973) 605-1400, fax: (973) 605-1440.

CONTACT:

Tara D. Mahon, Director of Marketing

(973) 605-1400