Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: Alejandro who wrote (8980)	10/28/1998 9:30:00 AM
From: Steven Bowen	Read Replies (1) of 12468

ouch, opening around 16 (?), down from 25: (also getting downgraded by at least Merrill and Goldman) BEFORE THE BELL - Intermedia hammered Reuters Story - October 28, 1998 08:34 NEW YORK, Oct 28 (Reuters) - Intermedia Communications Inc. shares fell sharply in U.S. pre-open trade Wednesday, the selloff driven by the telecommunications company's report last night of quarterly losses exceeding analyst forecasts. Ahead of the open of regular trade, Intermedia shares traded as low as 17 from 25-1/4 at Tuesday's Nasdaq close. The Tampa, Fla. company reported a third quarter loss of $2.42 per share, before $0.20 per share restructuring charge. According to First Call, the consensus expectation for Intermedia's third quarter was a loss of $2.08 per share.

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