Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Steven Bowen who wrote (3808)	2/12/1998 6:11:00 PM
From: Edward Murphy	Read Replies (2) of 12468

Steve, I think you may be being conservative with your estimates. The minimum opening bid for the small (less than 100k) markets is $.75 per pop, for the mid range (100K to 1mil) it is $1.50 and for the larger markets it is $2.25. Also WCII probably has picked up a few more licenses that we haven't heard about yet. No sense fantasying yet and we'll know the auctions results shortly. IMHO we should see some increase in the stock valuation as a result of the auctions, but even if the prices are at multiples of the minimum bids I don't expect the stock to trade up to that value, whatever it is. Should help the analysts as they will finally have some benchmark to use for valuation. Appreciate the effort you are putting in and I'm looking forward to your analysis once the auctions are over. It will certainly be one of the main items on the conference call. I believe the company has delayed the conference call until after the auction results were in. Ed PS : Dub - you need more faith. Just invest all your capital with Saint Alex and he will lead you to your just rewards. It will be refreshing to own a company that is unfettered by revenues, customers, etc.

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