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

To: SecularBull who wrote (11812)	2/10/2000 11:29:00 PM
From: DubM	Respond to of 12468

Is this the first positive headline we have seen after an earnings report? First one i remember. February 10, 2000 6:09pm Roundup: Winstar beats Street in 4Q By Larry Barrett and Sergio G. Non ZDII Winstar Communications Inc. (Nasdaq: WCII) posted a smaller-than-expected loss in its fourth quarter Thursday, losing $180.4 million, or $3.28 a share, on sales of $141.5 million. First Call consensus expected the competitive local exchange carrier to lose $3.38 a share in the quarter. Its shares closed up 2 1/16 to 83 3/4 ahead of the earnings report. For the year, Winstar lost $700 million, or $13.72 a share, on sales of $445.6 million. In the quarter, Winstar's gross profit margins improved to 35.4 percent, up from 10.5 percent in the year-ago quarter. "We are pleased to report another quarter of strong growth and solid financial results," said CEO William Rouhana Jr. in a prepared release. "These achievements reflect the emerging impact of the two ongoing drivers of our success: the increasing availability of our high capacity broadband network, and the addition of new data, Internet, ASP and other services that enhance its usefulness for customers." In the quarter, Winstar?s broadband network expanded to 60 domestic markets, up from 30 at the end of 1998. It also more than doubled its building access rights to more than 8,000 buildings at year end, with over 1,500 access rights added in the fourth quarter alone. The company also added 161 hub leases in the year, bringing the total to 277 today, up from 116 at the end of 1998. Winstar lit 88 hubs during the year, bringing its total of lit hubs to 150, up from 62 a year ago. Winstar shares hit a 52-week high of 86 3/8 earlier this week after falling to a low of 28 1/2 in March. Seventeen of the 18 analysts tracking the stock maintain either a "buy" or "strong buy" recommendation. First Call consensus expects Winstar to lose $13.27 a share in fiscal 2000.