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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (8703)	5/13/1999 4:41:00 PM
From: RCJIII	Read Replies (3) \| Respond to of 52051

SW, ATEL update. Today WCOM made a big for Prime Cable's MMDS spectrum rights. David Faber did a report on CNBC confirming this transaction. My sources indicate the deal is valued at over $600 million. If we value ATEL's spectrum with the same valuations WCOM paid for Prime Cable, we get a $29 per share stock price for ATEL. WCOM and SPRINT have both shown a desperate desire to own these wireless cable companies regardless of price. Today's move by WCOM ups the stakes. ATEL becomes more and more valuable every day. Don't fall for Sprint's measely $6.50 bid. It is way too low. It serves as downside support for the stock, thus making the downside .28 from current levels while the upside could be as high as $23 or more. I continue to accumulate for obvious reasons. RCJIII