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

To: SteveG who wrote (709)	9/30/1999 12:21:00 AM
From: SteveG	Respond to of 1860

from Paine Webber - John Hodulik / Soo Kim, <<nxlk_tronsrue.doc>> NXLK: President and COO George Tronsrue Resigns September 29, 1999 KEY POINTS * After the close on Wednesday, NEXTLINK announced the resignation of its President and COO George Tronsrue. Management indicated that the move by Tronsrue had been in the works for some time and was not directly related to the appointment of Dan Akerson as the company's CEO. * Under Wayne Perry (former CEO), Tronsrue was responsible for all day-to-day activities of the company while Perry played a more strategic role. Later, when Steve Hooper was named CEO and Dennis O'Connell assumed the position of President of the company's North American Operations, Tronsrue's roll in managing the organization was somewhat diminished. * Mr. Tronsrue had recently focused much of his efforts on the establishment of the company's international operations, an effort that Dan Akerson is likely to accelerate given his history with Nextel. * We believe that this convergence of events was the main driver behind Mr. Tronsrue's resignation and that the move does not reflect poorly on the operations of the company. We remain very confident in NEXTLINK's ability to hit our current projections. * The appointment of a new CEO, especially one with a reputation for orchestrating change within an organization, often brings about new developments in the company's management. While this may be the first, we believe it is unlikely to be the last as Mr. Akerson takes control of the company and puts his stamp on its operations. * We continue to believe the outcome will be a stronger company better able to meet the demands of a major carrier with a full-service product offering operating on a global basis. Maintain Buy rating on NEXTLINK shares with 12-month price target of $68 per share. * Risks include the possibility of adverse regulatory rulings, technological change, substantial losses generated by the company, continued reliance on the capital markets, and increasing competition from larger, better capitalized carriers.

To: SteveG who wrote (709)	9/30/1999 12:28:00 AM
From: Bill Lotozo	Read Replies (2) \| Respond to of 1860

Great gift ... I still have my last one from the previous sell off. I was waiting for WCII to cross 60 in order to sell them. Now I have to double dip. I would have thought some of this volatility would have left when the convertible prefered stocks were retired. Could this really be due only to momentum investors?

To: SteveG who wrote (709)	9/30/1999 12:49:00 AM
From: Mark[ox5]	Read Replies (1) \| Respond to of 1860

Steve, thanks for the research reports I got really lucky and sold out my position Monday purely for "raising cash in a weak market" reasoning. This sort of luck never happens to me. Anyways, I started buying back today both stock and Call options. Buying some shorter term and some Jan 35's. Expecting a bounce to mid $40s -- will sell some of the options for quick money. After that it might base for a while as it hits some resistance (200 day line). Just some guesses based on basic TA and typical overreactions. MMCN was the same way as this about a month ago. It dropped 58% on a 15% loss of business (the lowest margin business as well) <talk about deja vu> MMCN bottomed out at $22, and within a week was back at $30 (still well below its highs but if your a good vulture you could make 25% in a week on the stock and oh such nice returns on the call options) Based on longer term chart seems to be a lot of support in mid $30s area. Hoping it dips early tommorow morning for first 15 minutes so I can jump in to complete my position. (yes im greedy) Back to lurking, Mark