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

To: Alejandro who wrote (12118)	9/18/2000 2:49:51 PM
From: Bernard Levy	Read Replies (1) \| Respond to of 12468

Alejandro: To execute their business plan, CLECS must have access to the debt market at a reasonable cost. During the last 2 years, borrowers had the upper hand on lenders because of their ability to perform secondary stock offerings. Now, the shoe is on the other foot, lenders have the upper hand. This crunch is catching most CLECs during the most vulnerable phase of their existence. This is not helped by the managerial incompetence of CLECS like GST or ICG. How many of those are there still around? ESPI, ELIX ...? I am starting to think that a careful look at bonds as a safer way of playing the CLECs might make sense. Regards, Bernard Levy