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Technology Stocks : Advanced Radio Telecom (ARTT)
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To: MangoBoy who wrote (242)10/23/1998 3:29:00 AM
From: Anthony Wong  Read Replies (1) of 1176
 
From Bloomberg's Equity Movers
October 22, 1998

Winstar Communications Inc. (WCII) rose as much as 6 5/16 to
25 7/8. The communications company and supplier of broadband
services to businesses and long-distance carriers said Lucent
Technologies Inc. (LU) will provide up to $2 billion in equipment
financing to build Winstar's fixed wireless broadband
telecommunications network in major domestic and international
markets as part of a new long-term strategic agreement.

Other broadband service providers also rose on anticipation
that other telecommunications equipment makers will offer their
companies similar equipment financing agreements, said Farley
Shiner, an analyst at Scott & Stringfellow. Advanced Radio
Telecom Corp. (ARTT) rose as much as 1 9/16 to 5 on an outflow of
$60,000; ICG Communications Inc. (ICGX) rose as much as 1 3/8 to
21 1/8; and Intermedia Communication Inc. (ICIX) rose as much as
1 7/8 to 24 7/8.
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