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

To: DubM who wrote (12415)	4/11/2001 6:31:53 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 12468

Dub, gauguin and others: WCII will need to restructure, and the only way to invest in it is through the debt if you can find a way of buying the converts. This was a fine company operationally, but the telecom markets have tilted way over in favor of debt holders versus equity holders. I hope WCII can restructure and come back with less debt and new equity formed by converting some of the debt. If so, I will probably invest in it again (the business plan is fine it was the confluence of a bad equity/debt balance and a horrendous bear market that killed the company). Bottom line: I see no hope for the current equity. Regards, Bernard Levy