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Technology Stocks : Advanced Fibre (AFCI) ** IPO -- Ignore unavailable to you. Want to Upgrade?

To: lml who wrote (3038)7/10/2000 9:27:39 PM
From: schlep  Read Replies (1) | Respond to of 3299
 
Does anyone remember the method AFCI used to collar the CSCO stock? What options were sold, bought etc.

-schlep



To: lml who wrote (3038)7/11/2000 1:13:44 AM
From: Bernard Levy  Read Replies (2) | Respond to of 3299
 
Hi lml:

You may be aware of this already, but Winstar received
about $2.5B in vendor financing from Lucent in November of
1998. Winstar is allowed to spend a fraction of this
amount (around 30%) on non-LU equipment, but the remainder
has to be LU equipment. So, unless other vendors have
vastly superior equipment, the bias in Winstar's purchases
is towards Lucent.

Best regards,

Bernard Levy


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