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Technology Stocks : Winstar Comm. (WCII)
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To: giddy guru who wrote (2764)11/7/1997 2:19:00 PM
From: Steven Bowen  Read Replies (4) of 12468
 
Got ya.

Here's today's story (you gotta love that Bill Vogel);

WinStar seen benefitting from FCC report - analyst

Reuters Story - November 07, 1997 13:04

%TEL %PUB %US %RCH %HOT WCII V%REUTER P%RTR
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NEW YORK, Nov 7 (Reuters) - Shares of WinStar
Communications Inc rose almost eight percent Friday
after an analyst said a recent Federal Communications
Commission report would benefit the telecommunications firm and
make it a more attractive acquisition candidate.
NationsBank Montgomery Securities telecommunications
analyst Bill Vogel said the FCC report "increases the
visibility of WinStar's franchise. It shows that the asset is
not encumbered and not potentially encumbered going
forward....This makes it a much clearer franchise."
The FCC was not immediately available to comment.
Vogel reiterated a buy rating on WinStar and raised his
price target to $60 from $41.
Shares of WinStar jumped 1-15/16 to 26-7/8 in early
afternoon trading.
Another analyst, who declined to be named, said "The
comments from Montgomery are driving it (the stock) today.
WinStar fundamentals are good and they own more spectrum than
anyone in the country, but the shares are up today on the
(analyst's) comments."
WinStar did not immediately return calls seeking comment
on the share activity.
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