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Technology Stocks : Winstar Comm. (WCII)
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To: Alejandro who wrote (8307)9/20/1998 7:06:00 AM
From: TheSlowLane  Read Replies (3) of 12468
 
Ali - What makes you so sure that this latest round of acquisitions is a departure from the game plan? Did you get a copy of Coach Bill's playbook? Please post it if you did! I don't think they ever said after Goodnet/Midcom/US One that they were done with acquisitions. The four companies that they picked up seem to be fairly small, relatively speaking. iCi operates in my area and I've never even heard of them. I don't know what they paid for these companies or whether they will be accretive to earnings this year or not. It would be good to get the details. Also, from what I can see from their web sites, we picked up 3 ISP's (Chicago, Indiana and Mass.) and one web-site/application/services provider (MCNY - doesn't look like they provide Internet access so much as Internet-based services). To me, this looks like WinStar beefing up the data side of the business. Finally - as far as earnings go...(well, negative earnings, anyway)...given the word we've gotten on July and August, Q3 should be a blowout quarter for WinStar. Hopefully this will contrast well with a lot of companies that are starting to struggle out there some of the problems outlined by Mr. Bowen. To be defensive, I will make sure I keep a pile of cash stuffed in the mattress to be deployed if WinStar ever does sink to $10 over the next six months. SteveG - thanks for the links...
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