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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: BobKuz who wrote (67991)	4/13/1999 7:47:00 AM
From: Know Genius	Respond to of 119973

TM, I need your thoughts on NCNX, PCTV, WIRL, ATEL. It would appear to me that MCI/Worldcom, Sprint, and Possible even Nextel are buying up these companies. I think it is worthy of your focus. If I am correct NCNX could be worth 3-4x the current price. Consider that the 30mill+ market cap of WIRL will only receive 3% of the restructured WIRL. I am going to buy NCNX unless you think I will not wind up in the pink! dailynews.yahoo.com. dailynews.yahoo.com. dailynews.yahoo.com. NEW YORK (Reuters) - Sprint Corp. (NYSE:FON - news) Monday agreed to acquire People's Choice TV Corp. (OTC BB:PCTV - news), a wireless cable television company, for $103 million. The wireless licenses controlled by People's Choice will allow Sprint, the No. 3 U.S. long-distance company, to reach customers' homes or businesses directly without going through the Baby Bell's local phone networks. Last week, Sprint bought $15 million in People's Choice preferred stock and gained options to purchase preferred stock worth up $8.4 million. Sprint's purchase followed a move by its rival, MCI WorldCom Inc. (Nasdaq:WCOM - news), the No. 2 U.S. long-distance company, which bought bonds of People's Choice and three other small wireless cable companies, sources familiar the situation said. Sprint said it will pay $8 a share for People's Choice, which is a 30 percent premium over People's Choice's closing stock price Friday. Shares of People's Choice jumped $1.25 to $7.375 in bulletin board trading. The stock traded at 75 cents at the end of March, before news of interest from Sprint and MCI WorldCom emerged. Shares of Sprint closed up $5.375 at $114.125 in composite trading on the New York Stock Exchange. The move comes as the major long distance carriers have been seeking alternatives to the near monopoly that the Baby Bell networks have for accessing customers' homes and businesses. For Instance, the largest long distance company, AT&T Corp. (NYSE:T - news) paid $55 billion to buy cable TV operator Tele-Communications Inc. (Nasdaq:TCOMP - news), gaining direct access outside the Bell networks to customers' households. Sprint will use People's Choice licenses to connect customers to its Integrated On-Demand network, which allows customers to make phone calls, send and receive faxes and cruise the Internet at the same time over a single phone line. People's Choice has licenses in Chicago, Detroit, Indianapolis, Houston, Phoenix, St. Louis, Milwaukee, Salt Lake City, Tucson and Albuquerque, reaching more than 7.8 million households. Sprint has already introduced Sprint ION services to the large business market and will roll out the service for consumers and small businesses will roll out in the fourth quarter of this year and through the year 2000. People's Choice's wireless spectrum, called MMDS (multichannel multipoint distribution service), uses microwave frequencies to provide television service. Technological difficulties and production problems 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 are still lucrative to the long distance companies, which can use the spectrum to bridge the gap between their long distance networks and customers' homes or businesses, analysts said. The People's Choice acquisition is expected to close within four months and is subject shareholder and government regulatory approval. People's Choice also adopted a shareholder rights plan which would be triggered under certain circumstances if any party, other than Sprint, tried to acquire more than 15 percent of the company.