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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: gabor boda who wrote (11577)	10/14/1999 10:12:00 AM
From: Pamela Murray	Respond to of 12468

Thursday October 14, 8:59 am Eastern Time Company Press Release VeloCom Acquires Wireless Licenses in Argentina and Colombia Acquisition Expands Markets for Growing, Denver-Based, International Telecom DENVER--(BUSINESS WIRE)--Oct. 14, 1999--VeloCom Inc, a rapidly growing international telecommunications company, announced today that it has acquired the Latin American assets of Argentina-based SLI Wireless SA and Brazil-based Taquari Participacoes SA, in return for stock. As a result of these transactions, VeloCom now holds interests in telecommunication entities in Brazil, Argentina and Colombia. VeloCom acquired SLI's interests in two Argentine data transmission companies, Telelatina SA and Smartel SA, as well as its indirect interest in Interloop SA, a Colombian license holding company. These holdings give VeloCom licenses to offer wireless services in Argentina and Colombia. Additionally, VeloCom will acquire SLI and Taquari's interests in Canbra Telefonica and Megatel do Brasil, the two VeloCom affiliates developing telecommunications networks in Brazil. Canbra and Megatel have recently begun branding their products and services under the common name Vesper. VeloCom's partners in Vesper are Bell Canada International and Qualcomm, Inc. ''These acquisitions, added to our current Brazilian licenses, are key steps toward providing high-quality telecommunication services in South America's most promising countries,'' said David Leonard, president of VeloCom. ''The SLI and Taquari acquisitions will boost VeloCom's interest in each of our Brazilian subsidiaries.'' Following the acquisition, SLI will purchase additional shares of VeloCom for cash. Subsequent to these transactions, Guillermo Liberman and Luis Gonzalez Lanuza of SLI will join the VeloCom board. ''VeloCom is making significant in-roads in the Latin American telecom arena,'' said Liberman. ''We are very excited to have an opportunity to work with VeloCom in creating high-capacity wireless solutions to meet the growing telecommunications demand in the Latin American region.'' Within the past year, Vesper was awarded ''mirror'' licenses by the Brazilian government to provide fixed, wireless telecommunication services in two regions: the northeast section of Brazil from Rio de Janeiro, to the Amazon and the state of Sao Paulo. These mirror licenses provide exclusive rights to compete with the incumbent telephone carrier in each region. Together, the areas encompass a population of 125 million people. Denver-based VeloCom is quickly becoming a leading provider of competitive voice, data and Internet services in key markets in Latin America. The company's strategy is to build Competitive Local Exchange Carriers (CLECs) using primarily wireless technology in newly liberalized and underserved Latin American telecommunications markets. About VeloCom Inc. Privately held, VeloCom was formed in June 1998 under the name WLL International Inc. with the goal of becoming the largest competitive telecommunications provider in Latin America. Fred Vierra, chairman; David Leonard, president; and Nick Kauser, acting chief technical officer, lead VeloCom. Vierra previously served as chief executive officer of Tele-Communications International, Inc. Leonard was formerly president and chief executive officer of UIH Latin America. Kauser served as executive vice president and chief technical officer at AT&T Wireless Services Inc. The current equity sponsors of VeloCom include Denver's Telecom Partners and Centennial Funds, as well as California-based Crescendo Ventures.

To: gabor boda who wrote (11577)	10/17/1999 9:30:00 AM
From: limtex	Read Replies (1) \| Respond to of 12468

GB - WCII is no question a great company and a long term winner. OK I think BR needs to really focus on getting a date for EBITDA positive but he and Nate are doing a great job. BUT the market is a real problem. I wish someone here could tell me that we aren't going to see a full blown collapse this week and that there is a purpose to buying stocks in this environment. Trouble is that I see the following ( which I will post on the other threads to see what others think:- 1. Mr Greenspan. He has not missed an opportunity to talk the market down in the last couple of months. The more the market tanks the more his warnings in the past look credible and the more presumably he likes it so I don't expect he will say anything to encourage investors to return to buying stocks indeed just the opposite. 2. Although we haven't seen much sign of inflation, there is no question that a doubling of oil prices can on its own bring down the whole western economy. Artifical oil price increases by that bunch of OPEC gangsters amount to a huge tax on the Western economies as well as a big inflationary boost. The only way that this has been dealt with in the past has been by massive increases in interest rates. IMHO there is a clear and present threat to the economy by the unwarranted oil price increase and it will end as it has every time in the past with a recession. 3. Mr Greenspan again. This time last year and in 1987 Mr Greenspan immediately lowered interest rates. I don't think he will do that this year so if there is a crash this week there is absolutely nothing to stop it from going all the way as Cramer though itwould last year just before Mr Greenspan lowered interest rates. Any soothing or calming coments welcome. Best regards, L