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

To: Paul Smith who wrote (12450)	4/22/2001 5:20:20 PM
From: John Lacelle	Respond to of 12468

Paul, You are correct. I am no expert, in fact, I don't really understand the wireless market at all. But I did like the estimated 50% X5 year growth rate for this company. You look at the balance sheet and see castles in the air...if it wasn't for that stupid bond debt. They borrowed beyond their means. That got em into trouble. I understand that the Winstar bonds in Europe currently sell for 2% of the face value...either there is some money to be made on those or the company is a gonner. -John