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

To: Steven Bowen who wrote (3576)	1/28/1998 6:20:00 AM
From: Louis savarese	Read Replies (1) \| Respond to of 12468

Steve, I think the lease agreement is good for 10 years which would put it around 2004. I could be wrong but that was my impression. Anyway by either time frame we will be well on our way.

To: Steven Bowen who wrote (3576)	1/28/1998 9:35:00 AM
From: SteveG	Read Replies (1) \| Respond to of 12468

Grubman lowers his 12 month WCII target from $71 down to $64, based on revised number of shares outstanding of 46.2MM

To: Steven Bowen who wrote (3576)	1/28/1998 12:28:00 PM
From: SteveG	Respond to of 12468

<..So it seems ARTT is healthier than I would have given them credit for...> Remember, they were STILL downgraded by S&P. They need cash - and will likely find some. <..But still pretty impressive for ARTT. They'd be a heck of a buy for WinStar...> I agree, and have asked several folks to sound WCII for any glint of interest. <..It seems this overlapping of bandwidth was an issue that was addressed and remedied in WinStar's favor in, gosh , many, many, moons ago...> If that's true, I'd love to see the reference. Roger quoted from the opening of last March's annual report sec.yahoo.com , and I searched WCII news from March forward and did not find any indication this was addressed. <..You want a real bear case that has to do with the FCC: WinStar doesn't own any of their airwaves, rather they "lease" them from the FCC. All of their leases expire I believe in the year 2001...> Since this applies to all spectrum, as you point out, I doubt the FCC would single out WCII. I'm more interested in issues such as phone quality, over a range of environments and distances, as well as how well the company is being run.