Hi Gary,
"I thought Bill R. came across very clear and succint"
Well, he's really in an impossible situation, getting a couple minutes to talk about such a complicated issue. Most people, or investors or people around SI or watchers of CNBC, have no idea of what the "last mile" problem even is. To try and address them, while giving details that would interest the likes of the people on this thread, all in two minutes, is a tough job. (Kind of high lighted by Maria's question, something like "where do you see the cuts and costs savings coming from?". How much more off base could she have been?)
"Did they say how they plan to decrease EBIDTA and become positive with the expand roll-out."
I'm not sure how it works, but it sounds like with Lucent doing the buildout, WinStar isn't going to account for the expenses, maybe until the network is generating revenue. In the meantime, the Williams money will probably pass directly thru to the bottom line, increasing EBITDA (decreasing the EBITDA loss).
A side note on Steven Chrust for people who don't know;
Mr. Chrust was probably as responsible, or more, as anyone for the crystalization and development of WinStar. He was there in the beginning, I believe (or I've been told) responsible for the wireless licenses, Bill, and Nate, all coming together. I believe he has been responsible for the strategic direction of the company since. This is why there has been a little interest in his selling and departure. |
