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

To: SteveG who wrote (4900)	4/2/1998 9:07:00 AM
From: K-MAN	Respond to of 12468

NEWS: Thursday April 2, 8:39 am Eastern Time Company Press Release WinStar and The Bank of New York Complete $42 Million Sale/Leaseback Agreement for Seven Telecom Switches NEW YORK--(BUSINESS WIRE)--April 2, 1998--WINSTAR COMMUNICATIONS, INC. (NASDAQ-WCII) today announced it has executed a $42 million leasing facility with BNY Capital Resources Corporation, a subsidiary of The Bank of New York. WinStar said the leasing arrangement relates to seven telecommunications switches in its broadband network which are located in Columbus, OH; Denver, CO; Minneapolis, MN; Kansas City, KS; Seattle, WA; San Francisco, CA; and Tampa, FL. The seven switches, which are the subject of this facility, were acquired in connection with WinStar's acquisition of 14 Lucent 5ESS-2000 telecommunications switches from US One Communications Corp. in October 1997. Of the remaining seven switches, five have been sold or are under contract for sale, for sales prices totaling $36 million. Two switches remain to be sold. WinStar Communications, Inc. is a national local communications company, serving business customers, long distance carriers, fiber-based competitive access providers, mobile communications companies, local telephone companies, and other customers with broadband local communications needs. The company provides its Wireless Fiber(SM) services using its licenses in the 38 GHz spectrum. The company also provides long distance, Internet and information services. WinStar is a registered trademark, and Wireless Fiber is a service mark of WinStar Communications, Inc.

To: SteveG who wrote (4900)	4/2/1998 9:44:00 AM
From: Steven Bowen	Read Replies (2) \| Respond to of 12468

"And some closer and probably more to come. You talked me into it <g>. Good luck to (and heaven help) us ALL." Oh heaven help you if you're listening to me :-) Seriously, I think anyone that's been here for a while (Paul, Ali, Gabor, Patrick, Brian, Ellis, etc) will tell you that Ric D has been right on top of this company for years. When he says buy, especially buying options, I'd tend to listen to him. I think the tone of his messages hint at him knowing something we don't. Even if not, buying WinStar on any type of weakness has obviously been a good strategy, and I see no reason to believe that doesn't still hold true. One problem; if we're all trading options, whose going to drive the price of the stock up :-)? Question; do you buy and hold options for that big 20 to 1 payoff, or do trade them after any pop? What's your strategy with calls? PS I like your Jan 99 45 leaps. Looks like a sure fire winner at only around 8. Good luck. PSS Do you understand the financing announced?