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

To: SteveG who wrote (3393)	1/14/1998 11:35:00 AM
From: SteveG	Read Replies (1) \| Respond to of 12468

Some further reasons (to smile): <A> Friedman Billings Ramsey Ups WinStar To Strong Buy From Buy <A> WinStar Had 'Major Gains' In 4Q Line Orders, Installations <A> Winstar 4Q Local Exchange Line Orders Exceeded 40,000 NEW YORK (Dow Jones)--Winstar Communications Inc. (WCII) said orders for its competitive local exchange carrier lines during the fourth quarter exceeded 40,000, bringing cumulative lines ordered above 118,000. In a press release Wednesday, Winstar said it installed 30,000 CLEC lines during the fourth quarter, which ended Dec. 31, compared with the 21,000 lines it installed in the same quarter of 1996. At the end of 1997, the company had a cumulative 82,000 lines installed. <A> WinStar Reports Continued Strong Growth In CLEC Line Orders and Installations During 1997 Fourth Quarter NEW YORK-- Cumulative Orders Exceeded 115,000 for Full Year; Installations Pass 80,000 WINSTAR COMMUNICATIONS, INC. (NASDAQ-WCII) reported today that continued strong demand for its competitive local exchange carrier (CLEC) services led to major gains in line orders and installations during the fourth quarter ended December 31, 1997. Line orders for the period exceeded 40,000, bringing cumulative lines ordered above 118,000. WinStar began 1997 with about 6,000 cumulative lines ordered. Installations of CLEC lines climbed to 30,000 during the fourth quarter of the year, compared with about 21,000 installations in the preceding quarter. Cumulative lines installed stood at approximately 82,000 at 1997 year end, compared with approximately 51,000 at the end of the third quarter of 1997 and 4,400 lines installed at the end of 1996. Nathan Kantor, WinStar's President and Chief Operating Officer, said today the fourth quarter continued a trend of significant operational progress. "We are very gratified by customer acceptance of our telecommunications services and the rapid growth of our network capacity achieved last year," said Kantor. "WinStar has shown that it is capable of deploying its wireless fiber network with unmatched speed and that there is a very substantial market opportunity for our services. As we extend our CLEC operations to reach 30 large U.S. markets during 1998, we anticipate reporting additional strong gains in line orders, installations and other metrics used to measure our success." WinStar Communications, Inc. is a national local communications company, serving business customers, long distance carriers, fiber-based competitive access providers, mobile communications companies, local telephone companies, and other customers with broadband local communications needs. The company provides its Wireless Fiber(SM) services using its licenses in the 38 GHz spectrum. The company also provides long distance, Internet and information services. Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties which are described in the company's SEC reports, including the 10-K for the period ended December 31, 1996, and the 10-Q for the period ended September 30, 1997. WinStar is a registered trademark and Wireless Fiber is a service mark of WinStar Communications, Inc.