Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Kingpin who wrote (4001)	2/25/1998 4:07:00 PM
From: Steven Bowen	Read Replies (1) of 12468

RESEARCH ALERT - Telecommunications services firms Reuters, Wednesday, February 25, 1998 at 13:20 NEW YORK, Feb 25 (Reuters) - Jefferies & Co Inc said on Thursday it started coverage on shares of GST Telecommunications Inc (AMEX:GST) and McLeodUSA (NASDAQ:MCLD) with a buy rating and NEXTLINK Communications Inc (NASDAQ:NXLK) as hold. -- Analyst John Bauer said 14 of GST's planned switches are operational and the remaining six are slated to be turned up in the first quarter. -- "With the majority of switches now operational and the balance slated to be up and running in the first quarter of this year, GST is finally poised to make the transition from construction company to full-time telecommunications provider," Bauer said. Stock up 1/2 to 13-7/8. -- Sets $49 target price on McLeod. -- Bauer said McLeod has proven business plan as well as plans for new services, and is led by proven management team. Stock gains 2-3/16 to 33-11/16. -- NEXTLINK shares already trade at rich valuation. Stock up 1-3/16 to 27-1/8.

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