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

To: Patrick O'Connor who wrote (3903)	2/22/1998 11:32:00 AM
From: DubM	Read Replies (1) \| Respond to of 12468

Nice article posted on the CVUS thread. exchange2000.com Steven, thanks for your efforts in keeping us up to date on what is going on with the auction. It is much appreciated. IMHO, the recent announcements of well known equipment vendors such as Nortel and Lucent to support LMDS will add much credibility to the concept, as will the auction, regardless of the amount of money ultimately taken in by the FCC. After all, if the spectrum didn't have value, no one would be bidding anything for it. Question, does anyone know if the LMDS spectrum can be used for point to point if so desired? For telephone and data applications, i have kind of always thought that point to point would be more acceptable to customers, or at least an easier sell than P-MP. If it were me, i would prefer the idea of my own dedicated link. Announcements such as the one from BEL-tronics for inexpensive transceivers could make point to point more practical from a cost standpoint. As Edward mentioned, i also wonder why WCII needs more spectrum in areas where they already have 500 mhz and above, since 38 ghz allows almost unlimited reuse of spectrum. Does P-MP require more spectrum than P-P? If so, that would lead me to say again that point to point should not be written off quite yet. Tomorrow should be an exciting day. I can hardly wait to hear the conference call! By the way, does anyone know when Teligent is going to report all their tremendous successes that justify a market cap of 1.663 billion?:-}} For some reason, their spectrum must be worth about $100 per pop!! Luck and regards to all, Dub

To: Patrick O'Connor who wrote (3903)	2/22/1998 11:57:00 AM
From: Kingpin	Read Replies (1) \| Respond to of 12468

The importance to Winstar now is growth, not technological advantage. Patrick, you are forgetting that these folks that are acquiring spectrum have to start from scratch. It will take them a few years to even begin to see revenues worth reporting. In that time Winstar will be building their business rapidly. Sure the time to market lead will diminish over time. This is called competition. In technology a full year lead in time to market is an eternity. I am reassured in the fact that Winstar is signing up customers as we speak. All those new competitors you speak of are probably just now trying to figure out how all this fixed wireles stuff actually works. No one seems to give these guys credit for anything more than owning the licences. It is all about growth in population coverage, lines installed and ultimately revenues. Who in the next year or so is going to compete at the level which slows Winstars growth? Who will have the national footprint that all the telcos covet? A couple of billion in annual revenues will clearly justify a price of at least 100 bucks. This is a 57 billion dollar market that is up for grabs. It is a very large pie. We only need a small slice to make everyone here very happy. Even the ever conservative Jack Reagan said last week that Winstar is adding customers at a surprisingly quick rate. He also said that they are taking market share from the incumbants. Is that included in his estimated $57 B market. I do not believe it is. Winstar may have 3- 5 percent of the 57 B market before the real competition arrives in force. By that time Bill and the troops will be long gone and we'll all be holding a but load of World Com or AT&T stock. Finally, I apologize if I was rude in responding to your comments. I myself am a horrible writer. I was not criticizing you writing skills. I was, however, taking issue with the doomsday statements you just kinda threw out there without any explanation. I apologize again