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

To: SteveG who wrote (688)	9/28/1999 8:32:00 PM
From: Gary Kline	Read Replies (2) \| Respond to of 1860

Steve G, My Fidelity accounts changed there margin requirement from 80% to 100% on Winstar yesterday. A few months ago they raised the requirement from 60% to 80%. After numerous phone calls the only response I obtained was their internal risk department thought Winstar to be a high risk company. Interesting that over the last few months/years they (Fidelity) have increased their position in WCII and now are the number two shareholder with over 5 million shares in such a "risky" company. I wonder if this would violate any SEC standards-sure seems suspicious. Any thoughts? If Bill Rouhana wanted to prepare the company for sale. Wouldn't a possible suitor such as WCOM want the company closer to EBIDTA positive and/or have very high margins? Possibly going after a higher proportion of on-net customers at the expense of total revenues. Warm Regards, Gary