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Technology Stocks : Winstar Comm. (WCII)
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To: Alejandro who wrote (10456)3/1/1999 9:00:00 AM
From: Steven Bowen  Read Replies (1) of 12468
 
"but I'm still doubtful. Well, not doubtful but cautious. 35 % of something for nothing kind of seems weird. There is no free lunch except for the real poor.

Is the Japan Ministry of Post and Telecom giving away what the FCC is auctioning here ? Why would they give it away ?"

Ali, don't forget, WinStar got most of their US licenses from the government for free. They were still receiving free licenses from the government last year, and still have some open applications with the government for yet more free licenses. These will most likely get granted shortly (just guessing, but I think most other applications have been granted). In any case, their outstanding applications will have to get addressed shortly before plans for the auction get too far along.

So maybe there is such a thing as a free lunch.

Steve
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