Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] Message Board

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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]

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To: transmission who wrote (1693)	3/15/2001 10:16:48 AM
From: transmission	Read Replies (2) of 1860

CSFB equity report on WCII Tuesday presentation at its HY conference mentioned some of items CEO covered in ML Q&A including: - "Other Assets" increase of $40 mil primarily attributable to over 1 year receivables from Signal who has now been acquired by UPC, Europe cable leader and gotten current. $310 balance here is largely attributable to $100 mil advanced fiber payments and $85 LTD for WamNet and Savvis. -WamNet and Savvis are current with payments and neither more than 2% of FY01 revenue. -CSFB estimated that WCII needs $3B in additional capital to achieve FCF but notes it can reduce this amount significantly by scaling back its plan (CSFB model based on 100k bldgs over 10 years) to possibly the almost 10K bldgs due on line by YE01 (up from 4.4K at YE00). -CSFB shows at least $300 mil Vendor line at YE01 that could go up if either equity raised or additional vendor financed. - CEO mentioned at ML that MSFT is 6% holder but note I did not listen to end of Q&A as interfered with pre-planned racquet game.

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