Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: DubM who wrote (12286)	1/23/2001 1:06:35 AM
From: DavesM	Read Replies (1) of 12468

Has anyone heard anything about the EDS / Navy IT contract (and possible revenue implications to Winstar)? Recall, EDS won a $6.9B contract with the Navy and Marines in October. One of the Prime Subs is Wam!Net. Remember and Wam!Net entered into a strategic relationship, with Winstar buying $50M of Wam!Net stock with an option for $50M more. Wam!net agrees to purchase something like $250M (over 20 years from Winstar) and WCII agrees to purchase I believe $12.5M (over 5 years from Wam!net). Question- do these numbers change as a result of the new Navy contract. And what percentage of the Wam!Net did Winstar purchase? Thanks

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