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Technology Stocks : Advanced Radio Telecom (ARTT) -- Ignore unavailable to you. Want to Upgrade?

To: David DePhillips who wrote (738)	6/8/1999 6:57:00 PM
From: MangoBoy	Respond to of 1176

<< without WCII's blessing this deal wont get very far. >> Why's that?

To: David DePhillips who wrote (738)	6/8/1999 7:02:00 PM
From: Stockgirl	Read Replies (3) \| Respond to of 1176

Congratulations. Idiot. WCII has no control over this deal whatsoever, unless they want to make a tender offer. Love Stockgirl

To: David DePhillips who wrote (738)	6/8/1999 7:11:00 PM
From: Obewon	Respond to of 1176

Where are you getting that from? Winstar may hold 14.9% of the common but it is unlikely to seriously disrupt the deal even though it will definitely try to delay such a deal indefinitely. Winstar is angling to cut a separate deal for its shares at a premium but doesn't have any real leverage as the Street has voted for the deal (as evidenced by the recent increase in share price). While Winstar's CEO is correct that this feels like a takeover without a premium, it is at least a way of ensuring that current shareholders don't lose everything (which was entirely probably if ARTT failed to get financing by mid-June). Winstar was angling to purchase the bankrupt company from it ally Lucent who would have received the spectrum licenses as collateral for providng ARTT vendor financing. Without the deal, Winstar is in a no-lose situation as it keeps ARTT either very weak or meat for its dining pleasure. Other shareholders are relieved that the monkey (WCII) is going to be forced off the camel's (ARTT) back while creating a potentially lucrative alliance with a major telecom carrier. At this point Winstar must either trump the deal with a higher bid which they can't afford) or eventually concede. Personally I think alot of the delay in getting financing in place was due to Winstar's interference behind the scenes. Obewon

To: David DePhillips who wrote (738)	6/8/1999 7:13:00 PM
From: Richard Dunaven	Respond to of 1176

WCII owns 12% which means there is 88% of other shareholders who can get the deal done. If the stock is north of here in the 3rd qtr and they can't up the ante then I suspect most vote for it. This kind of leveraged partnership is exactly what BR was trying to do several years ago but the technology wasn't far enough along and BBFW wasn't as well known as it is now. Qwest could be a huge contributor to the bottom line while growing rev's. Let's look at the Macro point of view. There are 750,000 bldgs needing a link to highspeed communications and less than approx 25,000 are served either through BBFW or Fiber. DSL won't make it due to it's slow upload and high cost. That leaves 725,000 bldgs to the high speed competition. That's a 3 % penetration at this time so if you think ARTT can't get into the picture and do something with Qwest's help and marketing structure then you need to do some more DD. See Ya! Ric D.