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

To: Luce Wildebeest who wrote (5753)	11/14/1998 5:44:00 PM
From: Zorro	Read Replies (2) \| Respond to of 5812

Calvin, If it's of any consolation, I strongly suspect that CAI's 60% equity stake in CS Wireless will also become extinguished upon restructuring its $400M debt. Or, in this particular case, CAI and Heartland may influence CS in assessing the value of its spectrum in such a way that neither operator is completely extinguished. This ought to be interesting... BTW, the FCC has scheduled the re-auction of the remaining LMDS licenses (those which either received no bids in the original auction or defaulted) to begin April 27, 1999. Z