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Technology Stocks : Winstar Comm. (WCII)

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To: DubM who wrote (3452)1/15/1998 10:27:00 PM
From: SteveG   of 12468
 
UPDATED <.."I can justify doubling my targets on a takeout price," he added. "My target is stand-alone."..>

So is Grubman's $71. And Vogel will have a projection model out soon (his Jan 14 report did not).

Some of his comments:

"..Current price does not reflect the scarcity or superiority of Winstar's assets. WinStar is valued at $20MM per major top 50 markets with the remaining 110 markets thrown in for free. After 12 years pof construction and ooperation, Teleport is connected to 4,281 buildings in the 60 top markets, on a per market basis Teleport's acquisition price is $183MM per market. We believe that WinStar is worth at least $64MM per major market thus reflecting a $100 stock value....."

"..We estimate that WinStar will reach at least 8,000 buildings within two years...."

<..I kind of hope he is right about the time to be acquired is not at hand...>

Roger THAT.
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