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

To: Ken Turetzky who wrote (5692)	10/6/1998 4:35:00 PM
From: .com	Respond to of 5812

Ken, I found this info on getting court records: U.S. BANKRUPTCY COURTS (as of 9/15/98) PACER: PUBLIC ACCESS TO COURT ELECTRONIC RECORDS There is a $0.60 per minute of connect time access fee associated with this system (effective 4/1/96). There is no charge for registration (800 676-6856). Delaware (302) 573-6243 (800) 249-9857 NIBS court. PC Anywhere Version 4 software or its equivalent is suggested.

To: Ken Turetzky who wrote (5692)	10/6/1998 9:27:00 PM
From: .com	Read Replies (1) \| Respond to of 5812

Ken, You may want to call the courthouse directly for info on how to get a copy of the decision. It should be available in some format. I can't readily find the phone number (I got it from information) for you right now. Just saw this article: multichannel.com October 05, 1998 Court OKs CAI Bankruptcy Plan Albany, N.Y. -- A U.S. Bankruptcy Court in Wilmington, Del., has approved CAI Wireless Systems Inc.'s Chapter 11 reorganization plan, CAI said. CAI, a wireless cable operator, filed the plan with the court in July. The reorganization will give holders of the company's 12.25 percent senior notes, due in 2002, $16.4 million in cash, $100 million in newly issued bonds -- due in 2004 -- and 91 percent of the stock in a newly organized company. Current CAI stockholders will receive nothing for their investments. However, secured lenders, who are owed about $52 million, will be repaid, according to the plan. Holders of subordinated indebtedness will receive their pro rata share of the remaining 9 percent equity in the reorganized company. CAI has been on a roller-coaster ride since late 1996, when Bell Atlantic Corp. pulled the plug on a $100 million investment. The company has been desperately trying to raise cash, and it was successful earlier this year in attracting $60 million in interim financing from Merrill Lynch Global Allocation Fund. CAI's stock, traded on the over-the-counter bulletin board, closed at 3 cents per share Oct. 2, unchanged from the previous day. - 10/5/98