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

To: Techplayer who wrote (12099)	9/13/2000 9:41:21 AM
From: Ken Muller	Respond to of 12468

Techplayer: <<. I do not see Williams' selling of overpriced optical investments to raise capital as scraping the bottom of the barrel>> Williams Communication Group (WCG) currently has 423 million shares outstanding. Analysts are projecting WCG to lose $1.51 per share this fiscal year ($1.63 next year). That totals $638 million . Now, the company will issue $250 millon of convertible preferred (unregistered) at 6.75%. That will add another $17 million to the annual loss column. If all goes well, based on their current projected losses, they will burn through the $250 million in 4 months. The signs are that the market is starting to lose its euphoric preoccupation with companies connected with BB service. The next request for funds by WCG should prove interesting.