To: Stretch who wrote (107 ) 9/20/1998 9:40:00 AM From: Sly_ Read Replies (2) | Respond to of 956
Stretch, Is this it? I also saw a similar report on CNN Friday. ********************************************************** Thursday September 17, 9:13 pm Eastern Time 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.'' END