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Technology Stocks : Winstar Comm. (WCII)

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To: Kingpin who wrote (3879)2/19/1998 11:17:00 PM
From: Steven Bowen  Read Replies (2) of 12468
 
OK you darn rookies;
at 38 GHz, one channel equals one 100 MHz.
at Teligents 24 GHz, they say one channel equals 80 MHz of bandwidth.
For LMDS, one channel should be about 85 MHz, although they've been using 100 MHz, ie one LMDS license of 1150 MHz equals 11 1/2 channels.

A channel pop is just a measurement that has kind of developed to compare companies spectrum holdings. It just equals the total population covered by a license times the number of channels in that market. For example, in New York if WinStar's licenses cover a total population of 8.6 million people, and they now have 9 channels (ie 900 MHz) they will have 77.4 million channel pops in NYC. Add all of WinStar's markets together and they now have 875 million channel pops.

Granted, it may not be a totally perfect measurement, but when you're comparing holdings between companies, it should give you a pretty accurate picture and comparison.

Whoops, sorry, just as I was trying to submit this a couple hours earlier this evening, my ISP cut me off and wouldn't let me back on. I know you've just been dieing for an answer (if someone hasn't already answered).

FWIW, the number we've heard for years is that these licenses should be worth something around $2 to $2.50 per channel pop. Put those numbers into your calculator and see where we get.
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