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Technology Stocks : Winstar Comm. (WCII)

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To: SteveG who wrote (3345)	1/10/1998 9:08:00 AM
From: DubM	Read Replies (1) of 12468

The following article is from the Fools. Nothing new, but yesterdays performance in such a terrible market is getting WinStars name spread around. Dub ---------------------------------------------------------------------- Jan 09, 1998 (6:00 PM EST) - The Motley Fool Evening News Wireless telecom services provider WinStar Communications (Nasdaq:WCII - news) gained $2 7/16 to $29 5/16 after the company announced that it is accelerating its rollout of Competitive Local Exchange Carrier (CLEC) services, which will bring the company to a gross cash flow break-even point by the end of 1999. The company said it will be in 30 markets by the end of this year, one year ahead of schedule. With the faster rollout, the company expects negative cash flow to peak in Q4 1997 and to decline thereafter. WinStar is currently marketing its services in 15 metropolitan areas and will fund the rollout through its recent $175 million preferred stock offering. Salomon Smith Barney initiated coverage on the company with a "buy" rating, and analyst Jack Grubman cited WinStar's ability to deploy its network faster than wireline-based CLECs and its ownership of 38 Ghz licenses covering 125 markets as essential to the rating.

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