Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Advanced Radio Telecom (ARTT) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (504)	3/24/1999 9:27:00 AM
From: SteveG	Read Replies (1) \| Respond to of 1176

<..Issuing a floorless convert is stupid...> Hope you are right, but they need $100MM - and that's a LOT of money for THIS company. They don't even do voice - which is an important revenue generator. Whoever would be willing to put that kind of money into them would likely want a deal with substantial teeth. A floorless is a homerun swing on a full count, it either works or your out. Hirsch seems pretty confident and doesn't seem very interested in negotiating a sale. He may have Ebbers-itis. Regarding Commco, according to yesterday's tape, the selling was done last week: Commco Grp/Advanced Radio Telecom -2: Holds 1.3M Shrs >ARTT WASHINGTON (Dow Jones)--A group including Commco L.L.C. reduced its stake in Advanced Radio Telecom Corp. (ARTT) to 4.99%. In a filing Tuesday with the Securities and Exchange Commission, the group said it sold 215,638 common shares between March 11 and March 15 at prices ranging from $8.25 to $8.60 a share, and currently holds 1.34 million shares of the Bellevue, Wash., provider of wireless broadband telecommunications services. (END) DOW JONES NEWS 03-23-99 02:04 PM