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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..]
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To: MangoBoy who wrote (367)6/4/1999 11:43:00 AM
From: SteveG  Read Replies (1) of 1860
 
<..Market and analyst reaction to the deal is a likely barometer for voter sentiment (WCII excluded). QWST, Oak, et al. bring a lot of extras to the deal that aren't reflected in the purchase price...>

Agreed, though I speak with several sizable equity and bond owners who have raised these concerns.

<..Why would the new debt have to be senior to the old? Or if the old debt is a problem that way, can't ARTT just refinance it?..>

This is what I understood would be the case from a bondholder. If by "just refinance" you mean buy out existing holders and then resell it with a lower yield to others... well, possibly.. and while they're at it, they could just go ahead and raise a billion or two and be fully funded <g> (i.e., easier said than done)

<..Man! What does HH have to do to get out of your doghouse?..>

While it's true that I have my own doubts about Hirsch's abilities, especially with the new larger push, my comment was actually a recent consensual reflection by several substantial owners.
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