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

To: Steven Seefeldt who wrote (5618)	9/18/1998 12:16:00 AM
From: Gary R. Owens	Respond to of 5812

Two-way use approved for older wireless spectrum band WASHINGTON, Sept 17 (Reuters) - Federal regulators on Thursday sought to breath new life into an under-utilized band of wireless spectrum by allowing license holders to offer two-way services like fast Internet access. Doled out in a variety of proceedings since the 1960s, most recently in auctions in 1995 and 1996, the band of spectrum called ''Multipoint Distribution Service'' was previously designated for use as wireless cable television. License holders could broadcast information but their audience could not respond over the airwaves. Thursday, the Federal Communications Commission voted to permit two-way uses, such as Internet connections at more than 100 times the speed of an ISDN connection. The agency said it would also allow channels of bandwidth to be split up or aggregated into ''superchannels.'' A coalition of 110 holders of the spectrum licenses, including small-cap stocks ADC Telecommunications Inc.(Nasdaq:ADCT - news), American Telecasting Inc.(Nasdaq:ATEL - news) and CAI Wireless Systems Inc. (OTC BB:CAWS - news), had pressed for the changes. In Nasdaq trading, ADC finished up $0.50 to $26.37, American Telecasting closed at $0.78, up $0.16, and CAI closed at $0.02. Paul Sinderbrand, an attorney for the group, praised the FCC for ''bringing its rules into the digital age and affording licensees the technical flexibility to offer a broad range of services.'' The changes also applied to educational institutions that hold licenses for ''Instructional Television Fixed Services.'' biz.yahoo.com

To: Steven Seefeldt who wrote (5618)	9/18/1998 9:02:00 AM
From: .com	Read Replies (1) \| Respond to of 5812

Hi Steve, Here is a stab at answering your questions. These are my opinions only. "What does this FCC two way ruling do for current shareholders?" Probably nothing, unless the judge is willing to use this information to order a re-evaluation of the value of the MMDS spectrum. then, ... EVERYONE SHOULD SEND A LETTER TO THE JUDGE ABOUT THE 2 WAY RULING ASAP AND ASK FOR THE SPECTRUM SPACE TO BE RE-VALUED. THERE IS STRENGTH IN NUMBERS. "Should person buy more at this give away price?" Absolutely NOT. Right now, your shares will be extinguished. Don't throw money away. "This news came out after the market closed ,we may spike up 500% tomorrow?" Actually, the news came out much earlier, while the market was open. In addition, it was totally expected.