Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: limtex who wrote (12424)	4/16/2001 3:31:36 PM
From: Bernard Levy	of 12468

Hi Limtex: Winstar's business case has not changed much, but in the telecom world, the power has shifted from equity holders to debt holders. To debt holders will flow all the rewards. It would be a real pity if Winstar cannot be restructured, but realistically, right now the common is worthless. I hope that a prepackaged BK can be put together which would allow Winstar to reemerge quickly with a better capital structure. That would be the point when it makes sense to buy shares, but not now. Even at 30 cents/sh, buying WCII shares right now is just like giving money away. Best regards, Bernard Levy

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