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Technology Stocks : Winstar Comm. (WCII)

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To: Bernard Levy who wrote (11940)5/23/2000 7:48:00 PM
From: gruetz  Read Replies (1) of 12468
 
Thanks Bernard. BTW, does it seem appropriate to you that TGNT would be at an all-time low right now, lower than October 1998? Is this just a buyers' strike or is there something more profound being said by the market about the value of fixed wireless spectrum? What do you think is closer to the appropriate valuation for WCII given your view of its future prospects: the current $28 price or Grubman's $85 price target?
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