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

To: Louis savarese who wrote (5441)	4/25/1998 1:34:00 AM
From: Jason Cogan	Read Replies (4) \| Respond to of 12468

Louis: The New Media division mentioned today was responsible for over half of Winstar's revenues last year. This division has nothing to do with broadband wireless, and yet it's producing more revenue than Winstar's main business. Selling 10% for $10 million does indeed mean that Winstar New Media Division is valued at $100 million. Given the expensive valuations given to internet content providers of any kind, $100 million doesn't seem so outrageous. But remember, Winstar just sold off 10% of this division, proving that they are desperate for cash and looking to alternative methods of financing. It's no surprise that Tudor Jones bought into the new media division. Content can always be packaged and resold. Notice they didn't touch the broadband wireless part of the business. This sale just proves that Winstar will take money from any source that gives it to them. An interesting game of "financial musical chairs" for as long as it lasts. Regards, Jason Cogan