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Technology Stocks : Winstar Comm. (WCII)
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To: Steven Bowen who wrote (9214)11/9/1998 12:24:00 PM
From: Bernard Levy  Read Replies (1) of 12468
 
Hi Steve:

I was not aware that the FCC had already started its
planning for the 39GHz auction. They still have a whole
bunch of LMDS licenses in rural areas they need to
re-auction (the FCC opening bid was too high for these
licenses). With regard to the new auction and ARTT,
this is a really good point. The availability of licenses
in second-tier markets diminishes ARTT's value, which
will in essence be reduced to its European licenses.
The best WCII could do at some point would be to exchange
its 15% of ARTT for a large chunk of its European licenses.

I do not know if anyone noticed, but a question and answer
session with Henry Hirsch was posted recently (probably by Mark Lewin)
where he indicated that the timing of WCII's 15% stake
occured just when ARTT was about to close its financing deal,
and it killed it. I know that may of the regulars on this
thread still have big doubts about this move, but in
retrospect it may have been money well spent if it
took ARTT out of commission. Similarly, I think that the
Millenium program is a TGNT killer, since it locks customers
away from TGNT at a time when TGNT needs to build up its
customer base. In fact, all attempts by TGNT to propagate
misinformation about WCII (Alex Mandl interview, anonymous
posts on Yahoo) strongly suggests Millenium is impacting
TGNT.

Best regards,

Bernard Levy
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