Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Hubert Few who wrote (12437)	4/17/2001 10:04:16 PM
From: Ken Muller	Read Replies (2) of 12468

John: "It ain't over til it's over....and it ain't over!" Its over. In case you haven't noticed the class action lawsuits are basing their complaints on the grounds that WCII capitalized expensable items and overstated revenue, all to enhance the magic "EBIDTA" number. If there is the least bit of truth in those charges, you can be sure the last quarter and annual figures will be corrected downward to avoid further liability. Then, let's see how this "well run company" was actually doing. The secured debtholders will not resurrect this company.

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