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

To: Steven Bowen who wrote (4012)	2/26/1998 9:44:00 AM
From: Patrick O'Connor	Read Replies (1) \| Respond to of 12468

Steven, Are you still seeing $2.5 to $5 Billion in auction revenues? What is the cost to FCC to put on this auction? Will it even be worth it for them to continue with future auctions if this is not profitable? Patrick

To: Steven Bowen who wrote (4012)	2/26/1998 5:55:00 PM
From: Steven Bowen	Respond to of 12468

At the end of todays (rounds 18-21) LMDS auction bidding: last round Market Bid ($M) per pop high bidder bid on Atlanta 7.194 2.25 WNP 1 Boston 19.333 4.68 WNP 21 Chicago 31.200 3.81 WNP 21 Dallas 16.512 3.81 WNP 21 Denver 19.132 9.22 BTA Assoc 13 Las Vegas 7.628 8.90 BCK 15 LA 36.011 2.48 NextBand 2 Miami 7.359 2.25 WNP 1 New York 43.184 4.54 WNP 15 Philly 23.165 3.93 WNP 21 Phoenix 11.282 4.69 ALTA 9 San Fran 25.326 3.94 NextBand 20 Seattle 6.705 2.48 NextBand 2 DC 12.357 3.00 WinStar 21 Wichita 3.205 5.37 SKSW 15 Total A-Block 514,074,141 A-Block w/Discounts 354,706,927 Total B-Block 110,053,829 B-Block w/Discounts 85,517,638 Total Auction 624,127,970 Total Auction w/Dis 440,224,565 NextBand (McCaw) leads in LA, San Diego, San Francisco, Santa Barbara, Portland and Seattle, without much competition. WNP leads in a ton of others. WinStar leads in a half dozen, Cortelyou only one, and BCK only two.