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

To: Ken Muller who wrote (12122)	9/20/2000 3:04:38 PM
From: semi_infinite	Read Replies (1) \| Respond to of 12468

comments from ML today: • Winstar has been weak today. We spoke with the company and we are maintaining our 2000 and 2001 estimates and our current quarter estimates. • We believe WCII will have a strong quarter. We are looking for $185 Million in revenues for the third quarter, $34 Million in EBITDA loss and 105,000 in net adds. More than 75% of those net adds coming in on radio, where we see very strong margins. • In regards to their cash position, they have over $400 million in cash which we believe can fund them into the second half of next year • Of the billion dollar Lucent facility that is available, the company has only drawn down $400 Million of that vendor facility. We believe there has been some misinformation in going over the fine details of that with the company. • We reiterate our Buy rating. (K. Hoexter)