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Technology Stocks : Broadband Wireless Access [WCII, NXLK, WCOM, satellite..] -- Ignore unavailable to you. Want to Upgrade?

To: Gary Kline who wrote (430)	6/18/1999 3:43:00 AM
From: SteveG	Read Replies (6) \| Respond to of 1860

recent weakness in WinStar likely due primarily to two factors: 1) some selling by Nicholaus Applegate, which recently was reported as having the 4th largest inst. position. Since NA was buying when Alliance was dumping (contributing to last selloff into low 30s as a result of fund manager change there w/previous one now at Pimco and likely to add WCII there), some nice profits were booked. [aware of no negative otherwise] 2) today's arb-short of new conv pref. BTW, as the press stated: "..In a move to further strengthen its balance sheet.." biz.yahoo.com If S&P rating improves to investment grade, this would be a very good thing for WCII. Also, even though I'm still (relatively somewhat of) an ARTT owner, I don't think ARTT will be the focus of these $$$. BTW, at an analyst meeting in LA today, had a very interesting presentation and tour of a WCII switch/hub site. From management to sales to technical - the depth of quality in WCII's organization is impressive. (LA has really been kicking butt, along with Chicago - and now Denver will likely go ebitda + a lot sooner than previously expected.) And with the penetration strength of Millenium I (and early powerful rumblings from II) I'm sensing July/Aug to be good months to be long WCII. Office.com (July) should also create some waves and data revenues. And WCII's courting/capturing of the entertainment industry is exciting (eg., shooting for compression to allow D1s over OC3s) whose techniques can also be profitably applied to one of my focuses - medical imaging and telemedicine. LOT going on - will try to catch up later (thanks for interesting link Frank - I've spent some time on fractals and chaotic attractors. And thanks for LMDS pointer Gary. Soft copy should be up at herring.com in a cuople of weeks)