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

To: Steven Bowen who wrote (5470)	4/26/1998 3:02:00 PM
From: Jason Cogan	Read Replies (1) \| Respond to of 12468

Steven: Now who's being argumentative? I tried answering your post about valuation. I thought we had started to have a basis for civil discussion, namely looking at Vogel's assumptions. But apparently, you'd like to return to the name calling. Sorry. Can't help you there. You can put up numbers all day long, and attach reasonable multiples to them. Heck, why not put up EPS of $1000 per share in 1o years and give the stock a value more than Microsoft? My main point all along has been that in a world where competition exists on many fronts, including from some very large entrenched players, blindly believing earnings estimates is dangerous. Add to that, the company continues to show accelerating negative EBITDA, and has large negative net worth regardless of how loud you shout. Please, didn't you think there was anything to my point about bondholders demanding high level of interest and putting themselves in line ahead of stockholders? For the record, I am not short. One of the things I try to gage before shorting is investor sentiment, and when it is likely to change. It is certainly positive here. I don't know what would shake the long's confidence. I agree, a thorough analysis of meaningless things like accounting haven't done much to persuade you. What would you like to talk about now? Regards, Jason Cogan