CAI Wireless Responds to Sharp Increase in Volume.ALBANY, N.Y.--(BUSINESS WIRE)--Oct. 14, 1997--CAI Wireless Systems, Inc. (Nasdaq NM: CAWS) responded today to the increased volume in its stock by announcing that it knew of no reason for the sharply increased volume or the movement of the stock price during trading today. The Company did indicate that the Federal Communications Commission's issuance of a Notice of Proposed Rulemaking A notice of proposed rulemaking or NPRM is issued by law when a regulatory agency of the United States Federal Government wishes to add, remove, or change a rule (or regulation) as part of the rulemaking process. Outside the USA. ("NPRM (Notice of Proposed Rule Making) An announcement by an agency of the U.S. government that proposes a change in regulations. It is followed up by a final ruling. ") with respect to fixed two-way transmissions for MDS MDS, n See temporomandibular pain-dysfunction syndrome. MDS 1 Maternal deprivation syndrome, see there 2 Myelodysplastic syndrome, see there and ITFS licensees announced last Friday may be driving the increased volume. The NPRM was released on October 10, 1997. The FCC has established December 9, 1997 as the date on which comments relating to the NPRM are due, and January 8, 1998 as the date by which any reply comments must be submitted. CONTACT: CAI Wireless James P. Ashman, CFO See Chief Financial Officer. , 518/462-2632 or Investor Relations: Lippert/Heilshorn & Associates Jason Thompson, 212/838-3777 |
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