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Technology Stocks : Winstar Comm. (WCII)

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To: Richard Dunaven who wrote (4873)4/2/1998 4:43:00 PM
From: Gary Kline  Read Replies (2) of 12468
 
Richard,
I have followed your writings/posts on prodigy over two years ago and now on SI. Clearly you and a few others saw the potential and had a clear vision of Winstar's overall strategy. I am curious how you see the current situation regarding the $768 million in long term debt amassed (from the 10-K). Do you think this is for a possible takeover or just to cover annual burn rates till the year 2004 when serious debt payments begin. Estimates of this quarters earnings loss of $87-$91 million and slowly decreasing (~ 280-300 million/year). If you think it is for a takeover which candidates would be a good fit (ARTT w/market cap ~320 million and a European presence)? Thanks for your continued input. Gary
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