The valuation example given on the call was:
"As FCC States Valuation of licenses"
$2.00 per channel pop (bidder deposit) X 650 Million Channel Pops that Winstar now owns = $ 1,300,000,000.00 On paper, this looks great. For now, we must wait.
Take some Alka-Seltzer and we'll pick it up Monday. I just keep thinking of Ruhana's confidence on the call regarding the financing prospects: Company burns $ 7 Million a month to survive. All they need is one strategic partner (which he claimed there are several now and they are sifting through them) - probably had to wait anyway until the year end numbers were released (we discussed that before)
I don't know if anyone noticed, but there were an increased number of analysists/mutual fund people on the call this time. This is who I counted:
Northstar, Pacific Growth, Scott & Stringfellow, AB Chicago Corp., PAW Partners, Openheimer, Lehman Bros., South Coast Capital, Sanford Bernstein, Gruntal & Co., QCI Asset Management.
There folks know what is going on, they are experts in telecom and as we can see, the following is increasing, and these are only the people that were able to ask on line questions on the call. |
