SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Winstar Comm. (WCII)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: gauguin who wrote (8090)9/2/1998 11:05:00 AM
From: Steven Bowen  Read Replies (1) of 12468
 
"I got no response to my question, so I assumed that everyone thought it was terribly naive."

Hi Barbara,
Didn't mean to ignore your question, but I'm not sure ARTT is in as much trouble as some here assume, so wasn't sure how to answer. I think Mark probably knows ARTT as well as anyone, and probably better than most, so I tend to agree with him. They've told you they're financed through their first three city buildout. Also, I don't have any evidence that WinStar has put any offers on the table. They're probably in no worse shape than WinStar was a year and a half ago when the stock dropped to 9 3/4. And Rouhana told us nothing. We floundered for months and never heard anything from the company. And what if at that time AT&T had put an offer for 14 on the table. Would us shareholders have been screaming for him to take it just because our stock price was sliding? Probably not.

So I don't think we have enough facts to make any judgements. We don't know what the ARTT board knows. We don't who might be waiting to provide financing or engage in some type of deal. We don't know if WinStar really is trying to deal. And I don't think it's the boards responsibility to tell shareholders of such things. So I'm not sure if their really is any reason to critisize ARTT management at this point. I think most here would support WinStar management if they were in a similar boat, as they were and as we did a year and a half ago.

PS I don't own any ARTT now, so it's easy for me to say. If I'd held what I've owned in the past, I might be singing a different tune.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News