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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (3492)1/22/1998 9:13:00 AM
From: Steven Bowen  Read Replies (2) of 12468
 
This is from a release by CVUS this morning announcing new financing:
"In addition, the company owns the LMDS spectrum license for the New York Primary Metropolitan Statistical Area, or PMSA. This area includes about 8.6 million people, making it the largest media market in the country. An independent research firm has estimated the value of this license to be approximately $28.80 per pop (unit of population) or about $250 million."

Again, if we use 13 channels per LMDS license, we can equate this to approximately $2.25 per channel POP. This seems like a much better value than the minimum bid of 17 cents. If we get an average bid across the nation that averages to somewhere around $1.50 per channel POP, WinStar's LICENSES ALONE will be worth $1.35 BILLION or approx $40 per share. Just for the licenses!

It was announced on the CVUS thread that the registered bidders for the auction will be announced tomorrow. That should be exciting, especially if the foriegners (ie British Telecom, et al) are allowed to bid.

On a side note:
I spoke with WinStar's Investors Relations this morning and was told the earnings release and conference call will be on Monday, Feb 23. Time not yet set, but will most certainly be shortly after market closes.
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