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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (4907)4/2/1998 1:44:00 PM
From: Harley Scott  Read Replies (1) of 12468
 
You said:
>>It's not clear to me how they came out ahead in that deal (except in terms of time, which may be the most important consideration).<<

I agree regarding the speed thing, but also it seems the question isn't whether they sold these assets for more than they paid. It's whether they paid in aggregate less than they would have by building 7 switching centers from scratch. Does anybody know the answer to this?

There's probably also a 1Q tax-loss angle.

Separately, it's been pointed out that WCII execs seem hungry for all the cash they can get their hands on. After buying the assets of both US One and MidCom out of bankruptcy, maybe they've decided that you should raise all the cash you can while the markets are willing to give it to you.

Just guessing . . .
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