Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: TheSlowLane who wrote (7547)	8/6/1998 9:26:00 AM
From: SteveG	Read Replies (1) of 12468

Call was very upbeat. If I owned only stock, I'd sleep great. What the stock will do by EOY is the wild card. Fwiw, here's NBMO comments: WinStar reported 2Q98 results with strong 250% revenue growth of $57.3 million and improved EBITDA of a loss of $48.6 million, in-line with our expectations. WinStar's EPS loss of ($2.77), 11-cents better than First Call consensus of ($2.88) and $0.31 better than our estimate of ($3.08). In summary, we believe the strong results, both financial and operational, show that WinStar is on-track and making excellent progress. Importantly: * The New York City market is proven and proliferable having achieved EBITDA break-even and 37% gross margin after 18 months of operation. * 2Q EBITDA improvement confirms that execution is on-plan. We believe that 4Q97 is WinStar's EBITDA trough quarter and that EBITDA improvements in 1Q and now 2Q demonstrate steady management execution and progress towards EBITDA breakeven in 2000. * Average revenue per customer is increasing, reflecting the benefits of WinStar's strategy to first establish customer relationships and later cross-sell and up-sell additional services

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