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Technology Stocks : Winstar Comm. (WCII)
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To: Alejandro who wrote (5755)5/7/1998 1:23:00 AM
From: SteveG  Read Replies (2) of 12468
 
<..Maybe you or someone can put it in simpler terms than the stuff I got from the 13d..>

You seem to have it Ali. They bought up to 14.9% to avoid triggering the rights plan. They bought enough from just two owners to get there. It was a stock swap, so they created LLCs to transact this. If they want to buy more of ARTT, they will have to negotiate around the rights plan.

<..Lucent has some financial conditions that ARTT must meet for Lucent to proceed. I think WCII comes into play here...>

Don't know about this, but it makes sense that LU would want to know how/that they would get paid for their equipment.

Maybe silicon warrier can shed more light. (Or maybe he already has)

Steve
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