Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TheSlowLane who wrote (12070)	9/7/2000 9:08:25 PM
From: silicon warrior	Respond to of 12468

I give the team much credit for what they have built--even though enduring shareholder value has been elusive. However, we now know that accepting a deal in 98 would have saved all of us lots of money and aggravation. And, I despise their total disregard for profitability. As you know, they have regularly expanded their plan, making EBITDA positive more elusive each time. And, last quarter they squandered at least 9--and I say more like 11 million in above plan revenue by advertising office.com. That money would have made their performance much more palatable, and made EBITDA breakeeven less elusive. Meantime, he let pass the window to blow out office.com at a great multiple. For now, the thing's virtually worthless--nobody's gonna buy a dotcom today. And, it's probably losing mucho denario--hurting EBITDA performance, but letting Bill R feel good about being a dotcommer. Fact is, despite today's performance, Q is an example of a telecom service provider that has done OK for its stockholderts--no matter what you think about Naccio. And, given the absolute drubbing almost everyone else is taking, Naccio looks pretty good. At least he acts like he cares about things like profitability. Bill R acts like he's trying to compete with Bezos for the drunken sailor award. BTW, even at these depression levels, expect Rouhanna to do some assinine deal that will drive the stock even lower. And, now we'rte about to get hit by tax loss selling. Oh well, that's why it's so hard and should be left to the s*bg professionals.