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Technology Stocks : Advanced Fibre (AFCI) ** IPO
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To: lml who wrote (3038)7/11/2000 1:13:44 AM
From: Bernard Levy  Read Replies (2) of 3299
 
Hi lml:

You may be aware of this already, but Winstar received
about $2.5B in vendor financing from Lucent in November of
1998. Winstar is allowed to spend a fraction of this
amount (around 30%) on non-LU equipment, but the remainder
has to be LU equipment. So, unless other vendors have
vastly superior equipment, the bias in Winstar's purchases
is towards Lucent.

Best regards,

Bernard Levy
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