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 : California Amplifier - 2 -- Ignore unavailable to you. Want to Upgrade?

To: John D. White who wrote (1590)	4/10/1999 10:18:00 PM
From: flickerful	Respond to of 2267

Sprint Bought Stake In Wireless Cable TV Company Saturday April 10 12:59 AM ET NEW YORK (Reuters) - Sprint Corp. (NYSE:FON - news) has acquired a $15 million stake in People's Choice TV Corp. (OTC BB:PCTV - news), a wireless cable television company whose license may represent a way for the No. 3 U.S. long-distance company to reach customers without going through local phone networks. Sprint's purchase, revealed in a recent regulatory filing, followed a similar move by its rival, MCI WorldCom Inc. (Nasdaq:WCOM - news), the No. 2 U.S. long-distance company. MCI WorldCom last month spent about $200 million to $300 million to buy the bonds of People's Choice and three other small wireless cable companies, sources familiar the situation said. Sprint on April 5 acquired 497,405 shares of People's Choice preferred stock for $15 million, according to a U.S. Securities and Exchange Commission filing submitted Thursday by People's Choice. Sprint also has options to purchase additional stakes in People's Choice in two installments valued at $4.5 million and $3.9 million, respectively, the filing said. People's Choice was not immediately available to provide additional details. Sprint declined to comment. Analysts said both Sprint and MCI WorldCom appear to be quietly seeking ways to gain access to the wireless licenses controlled by People's Choice. The long-distance companies want to bypass the Baby Bell's local phone networks and find their own direct connection to the homes and businesses of their customers. The wireless licenses controlled by People's Choice and other wireless cable television companies would allow Sprint and MCI WorldCom to bridge the gap between their long-distance network and their customers, analysts said. People's Choice and its peers control wireless spectrum called MMDS (multichannel multipoint distribution service), which uses microwave frequencies to provide television service. Technological difficulties and production problems have hobbled the wireless cable industry's efforts to compete successfully against the traditional cable TV providers. Many of the wireless cable companies filed for bankruptcy, but their licenses would be lucrative to the long-distance companies, analysts said. Sprint stock finished Friday unchanged at $108.75 in composite trading on the New York Stock Exchange. People's Choice's stock ended up $1.84375 at $6.125 in over-the-counter trading.

To: John D. White who wrote (1590)	4/12/1999 5:17:00 AM
From: faqsnlojiks	Respond to of 2267

So who owns the LNBF? The cable company or the apartment dweller? I don't know. I assume it would be much like the box. Most cable companies own the box and just "lease" it to the client. Best guess is this is much the same (but like I said, I don't know for sure). BTW the servo up there my dish keeps jittering, is there a pot or something that I should replace? I say trash the whole thing and buy CAMP equipment! ;*) No, actually I'm not familiar with the specific antenna system you have so I can't really say what your problem is. Sorry. -Joe