Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Techplayer who wrote (12094)	9/12/2000 9:39:46 PM
From: Bernard Levy	Read Replies (2) of 12468

TP: It's not only the CLECs that are having a rough time. WCG is finding it more and more difficult to raise funds, and in Europe we have a complete bloodbath since several of the telcos have a significant part of their debt denominated in dollars. If they did not hedge currency risks, they are probably toast (GTS looks done for). All telcos are seeing price declines right now (long distance of course, but also RBOCs for DSL service) while increasing CapEx. This trend cannot be sustained. The analogy of semis and telecom services is misplaced. Both sectors march to a different tune. I agree that the semi issues were bogus two months ago. Not so for telecom companies. While the RBOCS and WCOM/T probably have limited risk at this stage, I would be very careful about the rest of the sector. Best wishes, Bernard Levy

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