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

To: Steven Bowen who wrote (2765)	11/7/1997 2:47:00 PM
From: giddy guru	Read Replies (1) \| Respond to of 12468

//gg// Options activity is not that big relatively. It is not indicating any explosive move upwards in the short run. I could be wrong in reading this. /gg/

To: Steven Bowen who wrote (2765)	11/7/1997 2:49:00 PM
From: DubM	Respond to of 12468

Thanks to those that provided the good info today. Steve, my thinking on the options is that a good opening in the market on Monday and continued distribution of the MS report, could potentially have us opening a couple of points higher on Monday. To move this much on such a bad market day is a little suprising to me. I am also a little suprised by the Vogel report. He was already the most bullish analyst with a price target of $41. Seems to me he is really sticking his neck out to up it to $60, unless he really knows what he is doing,and let's hope that he does. However, don't rush out and buy you options back based on what i'm saying!! Regards, Dub PS Can't believe it, Wcii made it on CNBC Winners.

To: Steven Bowen who wrote (2765)	11/7/1997 3:09:00 PM
From: SteveG	Read Replies (1) \| Respond to of 12468

<A> Winstar Up 6%; FCC Clearances, Teligent Talk Cited By Brian Steinberg (NEW YORK) Dow Jones--A series of clearances from the Federal Communications Commission and a positive spotlight on a rival company appear to be pushing the shares of Winstar Communications Inc. (WCII). Winstar is an alternative phone-service provider that offers telecommunications services through microwave technology. The FCC is poised to eliminate certain barriers that could have limited Winstar's microwave-spectrum licenses in Florida and New York, said NationsBanc Montgomery Securities Inc. analyst William Vogel, who Friday revised his share-price target to 60 from 41. Winstar shares were up as much as 8% earlier before settling back to an increase of 6.3%, up 1 9/16 to 26 1/2 on Nasdaq-listed volume of 2 million. Average daily volume is 1 million. Earlier, the shares traded at a 52-week high of 27 1/16, surpassing the previous high of 26 5/8 set Oct. 15. "What this does is make WinStar more powerful as a franchise, and it creates visibility on a very important front," Vogel said. That front is Winstar's potential battle with Teligent Inc., the upstart wireless phone provider headed by former AT&T Corp. (T) President Alex J. Mandl. Teligent, of Vienna, Va., recently distributed its prospectus for an initial public offering, which analysts expect to be held sometime before Thanksgiving. In the meantime, Teligent officers, including Mandl and Kirby G. Pickle Jr., the company's president and chief operating officer, are on a road show to hawk the company to investors. Currently, Teligent is a unit of The Associated Group (AGRPA, AGRPB) of Pittsburgh. The technology involved seems novel: Instead of having to dig up ground to connect offices to cable and wires, both companies simply need to position a digital radio dish on the roof of client buildings. But Winstar, which is based in New York, has a lead time of 18 months to two years on Mandl's venture. According to NationsBanc's Vogel, Winstar holds more powerful licenses in more top U.S. markets than Teligent. Although the FCC decision isn't final, it would clear the way for Winstar to become more aggressive in building its system. But other analysts suggest that talk about Teligent in the marketplace is driving Winstar's stock. With information getting out about the microwave technology, investors are looking at all options, analysts said. "Investors are beginning to recognize that Winstar is a very attractive way to play local-exchange competition," said ABN AMRO Chicago Corp. analyst Kenneth M. Leon. "It's traded at a discount to the (rest of the sector)." But Vogel demurred at the suggestion that Teligent's buzz was moving rival Winstar. "The Teligent road show has been well-publicized, and their prospectus has been out there," he said. "Teligent today is in Colorado. I don't think the Denver, Colo., investment community is pushing up Winstar." W. Jack Reagan, an analyst with Legg Mason Wood Walker Inc., has said he expects the Teligent IPO to push Winstar shares into the $30 to $32 range. According to a Winstar spokesman, Vogel's note, which reiterates a buy rating, and the FCC news are driving the shares. "Winstar for the last few weeks has underperformed the group," said Leon. "Winstar is going to be a major player, and Teligent will be as well."

To: Steven Bowen who wrote (2765)	11/7/1997 8:32:00 PM
From: Steven Bowen	Read Replies (2) \| Respond to of 12468

A little different than this afternoon's report: WinStar seen benefitting from FCC report - analyst Reuters Story - November 07, 1997 13:04 %TEL %PUB %US %RCH %HOT WCII %ENT T FON AGRPA V%REUTER P%RTR ------------------------------------------------------------------------ NEW YORK, Nov 7 (Reuters) - Shares of WinStar Communications Inc rose almost eight percent Friday after an analyst said a recent Federal Communications Commission report would benefit the telecommunications firm and make it a more attractive acquisition candidate. NationsBank Montgomery Securities telecommunications analyst Bill Vogel said the FCC report "increases the visibility of WinStar's franchise. It shows that the asset is not encumbered and not potentially encumbered going forward....This makes it a much clearer franchise." The FCC was not immediately available to comment. Vogel reiterated a buy rating on WinStar and raised his price target to $60 from $41. Shares of WinStar jumped 1-15/16 to 26-7/8 in early afternoon trading. Another analyst, who declined to be named, said "The comments from Montgomery are driving it (the stock) today. WinStar fundamentals are good and they own more spectrum than anyone in the country, but the shares are up today on the (analyst's) comments." WinStar did not immediately return calls seeking comment on the share activity. Vogel said the FCC report clears up several issues regarding WinStar, which could make it a more likely acquisition target. Potential buyers, such as AT&T Corp and Sprint Corp , could pay "as much as $80 a share or more for this company," Vogel said. The FCC report puts no limit on the accumulation of 39 gigahertz spectrum, the frequency that WinStar uses to provide its telecommunications services. WinStar will be able expand capacity to meet customer demand as needed, Vogel said. The FCC also rejected a request by the satellite industry to relocate WinStar's licenses to another spectrum band, Vogel said. Relocating the spectrum would have been disruptive for WinStar and its customers, he said. The FCC report would also allow WinStar to use its spectrum to enter the broadcast and mobile markets, as well as serve as both a common carrier and a private carrier. With the new private carrier distinction, WinStar would be able to customize pricing and services when building a virtual private network, Vogel said. WinStar later said it was "pleased with the FCC's action." Frank Jepson, WinStar's senior vice president of capital markets, said the company's stock price was helped by several factors, including the FCC report, Vogel's comments, its recent strong earnings report and an investor roadshow by a competitor, Teligent. Teligent, part of Associated Group Inc , is conducting a roadshow ahead of it initial public offering. Teligent's presentation is drawing attention to how wireless local exchange telecommunications systems work, Jepson said. "This is having a positive impact on the wireless sector," Jepson said. WinStar said it sees its main competitors as the wireline- based telecommunications companies that dominate the local telephone markets and is not threatened by Teligent's pending IPO. "There is more than ample room for more than one, two or more wireless providers to thrive," Jepson said. ______________________________________________________ Also, from the Fool's Winstar Communications Validated by FCC Report The Motley Fool - November 07, 1997 17:23 WCII Montgomery V%MFOOL P%TMF ------------------------------------------------------------------------ Jump to first matched term November 7, 1997/FOOLWIRE/ -- Shares of competitive local exchange carrier WINSTAR COMMUNICATIONS (Nasdaq: WCII) gained $3 3/8 to $28 5/16 after NationsBanc Montgomery Securities said a recent FCC report validates the company's franchise. Montgomery has been pounding the table on Winstar for a while now. The FCC report says that Winstar can keep on adding to its assets in the 38 gigahertz spectrum and that it doesn't have to relocate its traffic to another part of the radio spectrum, as was requested by a satellite company. This makes Winstar more attractive in the eyes of acquirers, according to analyst Bill Vogel. 38 gigahertz is significant because the higher in the radio spectrum a signal is, the higher its bandwidth and data throughput. Winstar offers "wireless fiber," the dishes for which can be unobtrusively affixed to a rooftop or building ledge and pointed toward a Winstar relay, which eventually bounces the signal toward the central office of a regional Bell company or an interexchange carrier, which then sends the signal on to the backbone of the long-distance network.