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Technology Stocks : CWSS - A new dog with the same fleas? -- Ignore unavailable to you. Want to Upgrade?

To: hoodie who wrote (83)	4/22/1999 10:39:00 AM
From: Luce Wildebeest	Respond to of 102

+calvin greenwood (5792 ) From: +Jon Taulbee Wednesday, Apr 21 1999 6:34PM ET Reply # of 5793 Sponsored by The Alexander Law Firm. For help and/or information on a particular stock or security, please fill out this questionnaire. CAI Wireless Systems, Inc. On Nov. 22, 1996 a class action was filed in the United States District Court for purchasers of CAI Wireless Systems, Inc. stock between May 23, 1996 and Oct. 29, 1996. The complaint alleges that corporate officers claimed the company would be developing wireless cable television systems and a high-speed wireless Internet system, but failed to disclose numerous technical, and regulatory problems which made the company's statements concerning its future profitability false and misleading and which resulted in artificially inflating the price of the company's stock to the detriment of its purchasers. A class action was filed in the United States District Court for the Northern District of New York on behalf of all purchasers of CAI Wireless Systems Inc. common stock during the period May 23, 1996 through Dec. 13, 1996. The complaint alleges that CAI and certain officers, directors, and controlling shareholders of CAI violated the Securities Exchange Act of 1934 by issuing to the investing public false and misleading statements regarding, among other things, CAI's Wireless Internet access service and the company's business relationship with Bell Atlantic and NYNEX. These misstatements concerned the commercial readiness and prospects of the company's wireless access service, and the company's ability to deliver inexpensive digital signals to Bell Atlantic and NYNEX. The complaint alleges that as a result of these misrepresentations and omissions CAI's common stock price was artificially inflated.

To: hoodie who wrote (83)	4/22/1999 10:40:00 AM
From: webpilot	Respond to of 102

That is not true. The case may not be reopened, but if there were improprieties, it could be determined that certain parties are not fit to hold the licenses. I don't know the whole story, so we are in the dark, just like we are supposed to be. I do not know any specifics, so there can't be any finger pointing until people step forward, are there any former CAWS employees out there that would like to step forward and enlighten all of us? Maybe everything is legit, we just do not know. It certainly was a very strange handling of this whole situation.