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

To: Jeff Anderson who wrote (5532)	4/28/1998 12:49:00 AM
From: pkwknk	Respond to of 12468

...the clec's have/are consolidating in a classic bull move which is far from over...the next spark is hard to define, perhaps a takeout, alliance, etc...but it seems very clear to me that you are still early in a major bull move in this sector...PS--finkster, do you have a life???? PPS...wcii very close to a major move up, probably to low 50's..PPPS- Cogan, net, net you are still a bore---IMHO not a total moron, just a bore who is wrapped up in double and triple talk....no personal offense meant, but I really have learned very little from you economics 101 course...

To: Jeff Anderson who wrote (5532)	4/28/1998 12:57:00 AM
From: Jason Cogan	Read Replies (1) \| Respond to of 12468

Jeff: I am continually amazed by those of you equity holders who merely dismiss negative 2 billion and counting. The negative net worth is against you, not the bondholders, not the sellers of Lucent and Nortel switches. You. The Equity Holders. I'd say that's enough to bury a lot of people. It's not just a feeling. As for the business plan. Sure, if it works, some people at Winstar will make a lot of money. The debt holders, with their 12% return. Certainly your beloved management, who has graciously granted themselves a series of in the money options at your expense. And possibly, just possibly, even you stockholders. But given the risk reward ratio, I don't see it as favorable. As for assessing the business plan's merits, I think you are all missing the point of exactly how difficult it is to forecast telecommunications demand, especially 10 years out. Bill Gates completely missed the internet, but then had the financial power to point his company at that market. Who knows what technological advancements will come from fiber, cable modem, satellite, or even other wireless licenses. It's not like Winstar holds a monopoly on access, despite what you think. Add up all these factors, and I'd say your precious equity has troubles ahead. JC