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

To: Zorro who wrote (5673)	9/29/1998 11:24:00 AM
From: Joseph Moran	Read Replies (1) \| Respond to of 5812

From the Washington Post As an anxious world watches over their shoulders, Federal Reserve policymakers meet today amid widespread expectations they will cut interest rates to help stabilize fractured financial markets around the globe. Even though the U.S. economy remains robust, with both low unemployment and low inflation, Fed Chairman Alan Greenspan has signaled during the past three weeks that he believes lower rates are needed to head off a potentially serious threat to continued U.S. economic growth -- a dearth of credit. "Lenders and investors are evaluating credit in a completely different way than they were two months ago," said Mellon Bank Corp.'s chief economist, Richard Berner. Investors around the world have suddenly become "risk averse," meaning they are more worried about protecting their capital than about getting high returns. As a consequence, companies have found it almost impossible to sell new shares. Lower-rated corporations can't sell bonds, and banks have tightened their lending standards and raised rates.

To: Zorro who wrote (5673)	9/30/1998 8:00:00 PM
From: .com	Read Replies (1) \| Respond to of 5812

CAI Wireless Bankruptcy Plan Confirmed ALBANY, NY--(BUSINESS WIRE)--Sept. 30, 1998--CAI Wireless Systems, Inc. (OTC Symbol: CAWSQ) announced today that the Joint Plan of Reorganization of CAI Wireless Systems, Inc. and Philadelphia Choice Television, Inc. was confirmed by the United States Bankruptcy Court for the District of Delaware earlier today.