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

To: Alejandro who wrote (11718)	12/16/1999 2:00:00 AM
From: Bernard Levy	Read Replies (1) \| Respond to of 12468

Hi Ali: The MSFT deal is for a preferred convert at a slight premium to where the stock price was, so I am comfortable with it. However, what worries me are the clever moves by WCOM and NXLK. WCOM has now assembled a complete set of assets: long distance fiber, wireless PCS, MMDS, and local fiber. If CSCO can deliver on VOFDM, WCOM will be there competing in every market and offering every imaginable service as part of a bundle. NXLK has also excellent strategic positioning with local fiber, LMDS licenses and long distance fiber. I do not understand yet McCaw's moves with either Iridium or ICO, but I am afraid that when we will all understand what he is up to, we will be impressed (I have been wondering if he was not just gunning for the spectrum rights without caring for the satellites). In face of these two juggernauts, WCII has respectable long distance and local fiber holdings, but it probably does not have enough firepower to stay independent. In this context, the conjecture SBC + WMB + WCII might make sense. The bottom line here is that Bernie Ebbers, Craig McCaw, and to some extent J. Nacchio with QWST + ARTT + USW + alliance with KPN, are all wheeling and dealing at a more elevated level than either WCII or TGNT. I still think WCII is a fine company and investment, but I would be surprised to see it independent 2 or 3 years from now. Best regards, Bernard Levy

To: Alejandro who wrote (11718)	12/16/1999 6:04:00 AM
From: limtex	Read Replies (1) \| Respond to of 12468

Ali - SteveG posted this on the other thrread on 30th September: and while it is known that these companies frequently consider and do due diligence on synergistic relationships/partnerships, the second are rumblings of a Microsoft equity interest in WCII. What makes this currently unlikely is WCII's stock price. I suspect that any equity stake in WinStar would need be in the neighborhood of $70-$80 - NOT likely at this point. Only a few days before hand we had that big drop from the $50s to the upper $30s because of something an analyst came out with about ongoing revenues. I must admit that drop scared the pants off me although it seemed on closer reading to be not such a pessimistic opinion. Best regards, L