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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: SteveG who wrote (359)	6/4/1999 11:10:00 AM
From: MangoBoy	Read Replies (1) \| Respond to of 1860

<< I also wonder if ARTT will get the necessary 50% shareholder approval, since $8/share seems pretty low for a majority interest. I don't think this is a "shoe-in" by any means. >> Market and analyst reaction to the deal is a likely barometer for voter sentiment (WCII excluded). QWST, Oak, et al. bring a lot of extras to the deal that aren't reflected in the purchase price. << Then there is the issue of new debt, which means existing bondholders will need to be convinced to allow senior debt ahead of them. >> Why would the new debt have to be senior to the old? Or if the old debt is a problem that way, can't ARTT just refinance it? << One wonders if they will think Harry is up to the task - though perhaps they would be more comfortable with Nacchio in a more active role. >> Man! What does HH have to do to get out of your doghouse?