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Technology Stocks : NEXTLINK Communications, Inc.
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To: Rick who wrote (213)9/28/1999 1:29:00 PM
From: AurumRabosa  Read Replies (2) of 265
 
Rick, I like your profile and the links to the astronomy pages. You must be a superb stock picker if the space shuttle represents your investment experience. You might want to bookmark this web page for some future image ideas seasky.org

I doubt there's going to be many posts here because McCaw is at the end of his rope. When you're desperate enough to borrow over a billion dollars by selling 12.2% junk bonds you're between a rock and a hard place. It's unlikely he can borrow any more money unless he's willing to pay a lot higher interest rate. He has a "war chest" as Gilder puts it but he must be rubbing the worry beads pretty hard hoping that he'll find a way to earn more than he has to pay out in interest payments. Good luck and I hope you're cautious enough to take a few percent off that space shuttle trajectory and buy some NXLK puts to give yourself some downside protection.
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