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Technology Stocks : Winstar Comm. (WCII)

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To: silicon warrior who wrote (7593)	8/6/1998 9:14:00 PM
From: Bob A Louie	Read Replies (1) of 12468

Winstar/Bowne - LanSystems -2: Subject To FTC Approval NEW YORK (Dow Jones)--Winstar Communications Inc. (WCII) agreed to buy LanSystems, a data services integrator, from Bowne & Co. (BNE) for $23 million in cash. In a press release Thursday, Winstar said the deal is subject to certain conditions including Hart-Scott-Rodino approval. WinStar expects LanSystems to have a revenue run rate of $20 million to $25 million over the next 12 months and to contribute positively to the company's earnings before income, taxes, depreciation and amortization, or EBITDA. WinStar, a national local communications company, had 1997 revenues of $79.6 million. (END) DOW JONES NEWS 08-06-98 08:30 PM [I/CMT] [I/ICS] [I/ISO] [I/SVC] [I/TEL] [N/DJN] [N/DJWI] [N/LAT] [N/TNM] [N/CAC] [N/HIY] [M/IDU] [M/TEC] [P/DIG] [P/DTE] [R/NME] [R/NY] [R/US] [R/USE]

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