Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Kingpin who wrote (3990)	2/25/1998 12:32:00 PM
From: MangoBoy	Read Replies (2) of 12468

[Lehman lowers CLECs] NEW YORK, Feb 25 (Reuters) - Lehman Brothers said on Wednesday it cut its rating on some competitive local exchange carriers (CLECs), lowering Intermedia Communications Inc (NASDAQ:ICIX) and ICG Communications Inc (NASDAQ:ICGX) to outperform. -- Analyst Bill Garrahan also cuts McLeodUSA Inc (NASDAQ:MCLD) to outperform. -- Stocks have risen sharply over the past year and while Garrahan still sees 15 to 20 percent upside to shares, risks could start to limit upside. -- "We see risks in short-term revenue growth, network migration and expansion and increasing competition," he said. -- Acquisitions of slower growing companies have slowed growth and added integration risks, he said. -- Intermedia up 3/8 to 73-1/8, ICG up 15/16 to 28-11/16 and McLeodUSA rises 2-1/8 to 33-5/8.

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