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

To: RANDY DAVIS who wrote (3442)	1/15/1998 3:17:00 PM
From: Kingpin	Read Replies (2) \| Respond to of 12468

The answer is no. But Reagan is a solid analyst with no conflict. I believe both monty and solly have other business with Winstar. I am not sure of the details. Does anyone know if either of these two are underwriters or involved with debt offerrings?

To: RANDY DAVIS who wrote (3442)	1/15/1998 3:32:00 PM
From: SteveG	Respond to of 12468

<..Does the guy at Legg carry as much weight as Vogel and SB. Can anyone answer?..> In a word, no. Reagan seems to be a reasonable and conservative guy. Aside from Reagan's "valuation" downgrade (whose valuation modeling is NOT spelled out in his one page downgrade, but is reported as being a DCF analysis which is in STARK contrast to Grubman's DCF modeling which results in an admittedly conservative $71 12-18 month target) there are smart Legg brokers who are looking conservatively for $50 by year end. (fwiw, as would be expected, Vogel has seen the Reagan report and thinks $36 and let's just say he thinks it's overly conservative. I'm sure Grubman has seen it as well)