SB
What is your take on the following from the Yahoo thread? Will this be perceived by investment community as good news or bad news?
WINSTAR ANNOUNCES FILING OF REGISTRATION STATEMENT
NEW YORK - JANUARY 7, 1999, WINSTAR COMMUNICATIONS, INC. (NASDAQ: WCII)
today announced it filed a registration statement with the Securities and
Exchange Commission in connection with a proposed public offering of
4,200,000 shares of its common stock. The offering will be managed by
Salomon Smith Barney Inc. and Credit Suisse First Boston Corporation.
There are no selling stockholders included in this registration. The net
proceeds of the proposed offering will be used for the general development
and growth of WinStar's operations, both domestically and abroad.
WinStar provides business customers with broadband communications services,
including local and long distance voice service, high-speed data transport,
Internet access and other enhanced communications and information services.
The registration statement filed with the Securities and Exchange
Commission has not yet become effective. These securities covered by the
registration statement may not be sold, nor may offers to buy such
securities be accepted prior to the time the registration statement becomes
effective. This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities law of
any such state.
Preliminary prospectuses, once they become available, may be obtained from
Salomon Smith Barney Inc. at 388 Greenwich Street, New York, New York 10013
and Credit Suisse First Boston Corporation at Eleven Madison Avenue, New
York, New York 10010.
WinStar is a registered trademark of WinStar Communications, Inc. |
