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Technology Stocks : Winstar Comm. (WCII)
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To: dougjn who wrote (8460)10/5/1998 11:19:00 AM
From: Steven Bowen  Read Replies (1) of 12468
 
"My real question is, do they have the financial resources to survive without going back to the high yield markets for at least a year, perhaps 18 months?"

Hi Doug,
To quote from the recent Alex Brown report (since that's the one on top of the pile on my desk);

"WinStar's war chest includes a $725M cash balance, which should fund operations for the next 12-18 months under the current buildout schedule."

"Management believes it will establish an equipment facility with manufacturer of it's PMP radios. In total, the facility could cover as much as $200 million and account for two-thirds of WinStar's 1999 capital spending requireements. If WinStar is successful in this regard, the company would be fully funded for its initial 40-market roll out."
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