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

To: NoMoreRBOC who wrote (5645)	5/1/1998 2:08:00 PM
From: SteveG	Read Replies (1) \| Respond to of 12468

<..What did Ms. Comfort miss?..> The boat - I understand she hasn't spoken with anyone at the company in months. Fwiw, a little background on Comfort on WCII: Message 4067853

To: NoMoreRBOC who wrote (5645)	5/2/1998 5:00:00 AM
From: Jason Cogan	Respond to of 12468

NoMoreRBOC: <<In March 1998, Morgan Stanley is telling some clients that Winny is a great company and they should invest in its equities and a few weeks later Morgan Stanley is telling another set of clients that its time to abandon ship?>> In the straightforward logic of Wall Street, this does indeed make sense. I should know. I worked there for six years. Wall Street abides by a simple creed. "Make money, and don't give me a lot of explanation how that's not possible." It is true that securities firms often coordinate between divisions, but not always. Even so, the implied message should be telling you something. Winstar may be a good company. The may even succeed in becoming the next telecommunications giant. But given the current risk reward scenario, better to take the 11-12% coupon now. Regards, JC