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Technology Stocks : Winstar Comm. (WCII)

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To: Steven Bowen who wrote (5123)4/13/1998 3:58:00 PM
From: SteveG  Read Replies (3) of 12468
 
UPDATED - Vogel's report out. DCF target raised from $80 to $97 based on sharp reduction in technology risk. DCF goes from a 20% to an 18%. Stated that even THIS number may prove to be conservative.

Gotta run, so I'll let SteveB finish details. Steve?

Also, some interesting dynamics that the WCII 1995 Morgan Stanley lead 14% convertibles MAY get called if the stock trades above 40something for enough days. Steph can't get her tech calls right, so why not try to help some customers keep 14% AS WELL AS their 20 5/8 conversion? Several analysts looked at her comments (on Reuters) and also something about WCII rev/employee being lower than other CLECs. So WHAT?

Buy (or cover) on dips!
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