Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Jason Cogan who wrote (5442)	4/25/1998 3:13:00 PM
From: MangoBoy	Read Replies (1) of 12468

<< Winstar just sold off 10% of this division, proving that they are desperate for cash and looking to alternative methods of financing. >> Rouhana said that WinStar New Media was reponsible for it's own P&L and for raising its own capital. the $10M will be on the subsidiary's books only, as i understand it. Using your arguments about indebtedness and positive earnings, you could come to the conclusion that none of Craig McCaw's businesses would ever succeed and that they would be 'bad' investments too. mark

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