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Technology Stocks : Winstar Comm. (WCII)

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To: Robert Scott who wrote (12121)9/20/2000 11:13:06 AM
From: Ken Muller  Read Replies (1) of 12468
 
Robert:

<<this selling probably has to do with institutions selling in advance of Oct 31 >>

This selling is related to collapse of ICGX. What investors are learning is that there is a chance that they will lose all their money. The risk/reward equation has changed.

BTW, when ICGX collapsed, they had a positive EBITDA and $400 million in cash//short term investments.
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