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

To: pkwknk who wrote (3735)	2/6/1998 8:55:00 PM
From: Kingpin	Read Replies (2) \| Respond to of 12468

I know you guys are sick of hearing about Jack Reagan but........... He estimates WCII to have 396 mil in revenue by year end 1999. That is based on 400.000 switched lines. Remember, WCII actually came up short of his estimate of 91,000 recently.I know Reagan is a little conservative but I think 300-500 mil next year might be a little optimistic. Also , remember that Vogel( or was it Grubman) mentioned that he has not even done his DCF valuation yet. How did he set a price target on a stock that is cash flow negative without doing the DCF first? On a happier note...Did everyone notice that Reagan upped his price target on WCII this morning?