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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (4902)4/2/1998 10:44:00 AM
From: TheSlowLane  Read Replies (1) of 12468
 
I'll be interested to hear SteveG's take, but my guess at the financing deal is this: they need a big pile of cash on hand. We do sales/leaseback on a bunch of things to manage cash flow. This looks like another 42 million that can be added to the warchest. I wonder what the switches will actually end up costing them after they sell off the other two. Has to be way less than what it would have cost to build them from scratch.
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