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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?

To: Hiram Walker who wrote (2705)	4/20/1999 6:25:00 PM
From: Phil(bullrider)	Respond to of 4134

Hiram, Thanks, <EOM> Have fun, Phil

To: Hiram Walker who wrote (2705)	4/20/1999 6:34:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 4134

Tim, what are your thoughts on these recent acquisitions of MMDS license holders? It seems to me that this wireless spectrum is getting a great endorsement. Any question about whether or not it was usable seems to been answered. The think will finally start to see some results from the New Media acquisition? Do you see Sprint or MCI making any aggressive moves to build out these networks? Have you been buying any of these stocks? You see any better still ripe for takeover? Regards, Mark MCI WorldCom to Buy CAI Wireless Monday, April 19, 1999; 10:17 a.m. EDT ALBANY, N.Y. -- MCI Worldcom (WCOM), the nation's No. 2 provider of long-distance calling service, is buying CAI Wireless Systems (CWSS) for about $414 million. MCI WorldCom has been the only major telephone company without a stake in the lucrative and rapidly growing market for wireless communication. In the tentative agreement announced late Friday, MCI agreed to pay $24 per share in cash for more than 17.24 million CAI shares. CAI Wireless has been seeking a partner since its emerged from bankruptcy protection in October 1998. CAI stock value surged 59 percent to $20 per share earlier this month with reports that MCI Worldcom and Sprint were interested in acquiring it. MCI Worldcom acquired the debt of CAI and several other struggling wireless companies at the end of March. At that time, CAI's stock was valued at $6 per share. When the agreement was announced Friday, MCI WorldCom had also contracted to buy more than half of CAI's common stock. CAI operates six analog-based wireless subscription video systems in New York City, Rochester and Albany, Philadelphia, Washington, D.C., and Norfolk/Virginia Beach, Va. CAI also owns wireless channel rights in Long Island, Buffalo and Syracuse, Providence, R.I., Hartford, Conn., Boston, Baltimore, Md., and Pittsburgh. In addition, CAI owns 94 percent of CS Wireless Systems Inc., a wireless operator based in Plano, Texas. © Copyright 1999 The Associated Press