SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?


To: TheSlowLane who wrote (3084)12/9/1997 2:10:00 PM
From: pkwknk  Read Replies (1) | Respond to of 12468
 
...semantics is always a game...jno way Bill R is going to solicit publicly bids for this co at this stage...but of course it is for sale at the right price...he just figures the way to 'maximize sh value" is to get the best price, and it aint by putting up a for sale sign...in this telco environment, with things in the EARLY stage of consolidation, the licenses are worth more than the present stock price IMHO...but again, day to day moves are a mugs game..notice how the stock precipitously dropped at 10:21 when first headline crossed DJ wire???..the traders love to play this one now..conserv tgt sh to interm term remains low to mid 30's...the next 6-8 weeks will reveal lots of good news...



To: TheSlowLane who wrote (3084)12/9/1997 10:33:00 PM
From: SteveG  Read Replies (1) | Respond to of 12468
 
<...maybe it is a smokescreen, but I don't think so. WinStar managment has been very consistent about this all along..>

From the tape on 11/9:

===========
WinStar's Plan -2: Would Consider Any Buyout Offers

WinStar's Mr. Rouhana seemed to welcome such speculation. While he declined to comment on whether his company is in discussions with any carriers, he said WinStar "absolutely" would consider any buyout offers. "I think it's a great idea," he said. WinStar is currently valued at $936.1 million, based on its stock price on Friday and its 33.1 million shares outstanding.
================

Did he just change his mind? Were any offers fielded at this stage stage of buildout unreasonable? Is he just playing had to get?

Steve