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Technology Stocks : Winstar Comm. (WCII)

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To: Bob A Louie who wrote (5499)4/27/1998 9:33:00 AM
From: Steven Bowen  Read Replies (2) of 12468
 
<To: Ellis Rudman (5413 )
From: Mark Lewin Thursday, Apr 23 1998 9:31PM ET
Reply # of 5499

a thought on ARTT - maybe WCII isn't (just) waiting for ARTT's market cap to come down; perhaps they're waiting for WCII common to really take off so the acquisition won't be as dilutive. of course the longer WCII waits, the greater the chance that ARTT will be acquired by someone else.

acquiring ARTT kills four birds with one stone: significantly improves WCII's spectrum holdings in top 50 U.S. markets, opens up european market via ARTT's U.K. and scandinavian spectrum, removes a competitor from the playing field, and preempts ARTT being acquired by AT&T or some other deep-pockets player.

mark
______________________________________________________________

Very timely post Mark.
Does 15% still kill those four birds?
Be interesting to see the whole story. Joint opperations?? Sharing network??? Option to buy the remainer of the company???

I like it, and think WinStar got a good price.
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