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Technology Stocks : Winstar Comm. (WCII)

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To: silicon warrior who wrote (8074)9/1/1998 8:20:00 PM
From: Bernard Levy  Read Replies (1) of 12468
 
Dear SW:

I do not know if you saw the post by gentleman-boyle, as
well as my own post on Yahoo, but now would probably be
a good time for ARTT to talk to WCII. WCII has fallen
so far down that a stock deal which would value ARTT
at say $5 or $6/sh in WCII stock would actually be fairly
attractive to ARTT holders, particularly since ARTT
will face huge difficulties in placing junk bond
debt if it wants to make it by itself. If ARTT's board does
not come to its senses fast, I see WCII coming back up
gradually (perhaps not right away since I do not completely
trust today's market rebound) while ARTT sinks slowly.

The combination ARTT + WCII makes a lot of sense for
all parties (including LU), and ARTT's board is playing
with fire with its current strategy.

Best regards,

Bernard Levy.
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