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

To: Jason Cogan who wrote (5677)	5/2/1998 11:55:00 PM
From: Kingpin	Read Replies (1) \| Respond to of 12468

Came across this article while cruising the Bosch site. Do not know if it was posted in April but here it goes. DALLAS (BUSINESS WIRE) - Deploying the industry's first multimedia Local Multipoint Distribution Services (LMDS) network with actual customers, industry leaders have joined with Bosch Telecom, Inc. and Frazier/King Media in the deployment and operation of the LMDS Multimedia Dallas Showcase. The Showcase is designed to demonstrate the LMDS network in real world applications through combined efforts of Bosch Telecom, Frazier/King Media, Newbridge Networks, Hewlett-Packard Company, Stonehouse Technologies, SBA Communications Corporation, TDI, Inc., Virtual Information Systems, General Instrument, WorldCom, and Learnstar, Incorporated. "With joint efforts of these nine industry leaders, the LMDS Showcase will demonstrate a network and operations infrastructure that can deliver the most advanced and cost-effective wireless telephony, data and video services to businesses and residences," said Ed Cantwell, president and chief executive officer of Bosch Telecom, Inc. "We are looking forward to seeing the fruition of this Showcase as it becomes the place for media, analysts, consumers, service providers, regulators and investors to experience the power and financial benefits of LMDS first-hand." The Showcase will highlight advanced broadband services, incorporating Competitive Local Exchange Carrier telephony, high-speed data and multichannel video services as well as demonstrating the platform for other advanced digital services including video conferencing, tele-medicine and distance learning applications. These services will be demonstrated in six different environments including a Small Office/Home Office (SOHO), a doctor's office and classroom to reveal various service capabilities for the end-user. The Showcase will begin in early April and run through September 1998. Appointments to tour the Showcase can be scheduled by calling Denise Beckett of Bosch Telecom at 1-800-296-4268 or through the Showcase website at www.lmds-showcase.com. Media and analysts interested in obtaining more information or scheduling an appointment to see the Showcase can contact Lina Lee Park of Edelman Worldwide at 214-443-7567 or lpark@edelman.com. The Showcase will be located at Frazier/King Media, 100 East Royal Lane, Irving, Texas. Dallas-based Bosch Telecom, Inc. is an affiliate of Bosch Telecom GmbH, a member of the German-based Robert Bosch Group. With combined worldwide sales of $3.1 billion, Bosch Telecom serves the global telecommunications marketplace with system solutions through the manufacture and distribution of products and services that address public and private network, private mobile radio, terminal equipment, space technology, security system, traffic control system and CATV network needs. More information on Bosch Telecom, Inc. is available at www.boschtelecominc.com or by calling 1-800-296-4268. Frazier/King Media, headquartered in Dallas, Texas, is an established communications company experienced in operating and programming both terrestrial and satellite networks. The Local Multipoint Distribution Service (LMDS) Showcase will be located in the Frazier/King Media facility in Irving, Texas. This state of the art facility provides the necessary infrastructure for operation of a network providing voice, data, and video services to commercial and residential customers and other service providers at prices that compare favorably to current rates for such services.

To: Jason Cogan who wrote (5677)	5/3/1998 12:01:00 AM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

"It will be difficult if not impossible for equity holders to take out cash flow from the company without first retiring the existing debt holders. New debt holders might replace them, which is another story. But one way or another, probably from cash flow, the existing debt holders will be paid first. This is why I say the first $2 billion of cash flow is already spoken for." Are you trying to say that when WinStar gets earnings positive, they couldn't pay dividends as long as they're in debt??? I suppose no company in debt pays dividends??? "priority on cash flow"?? Whats that supposed to mean? I suppose if Fords debt holders said they don't want Ford paying dividends anymore, Ford has to stop and give all their cash flow to the debt holders??? Sometimes you seem to not make much sense. And actually, as a shareholder, I don't want to take out any cash flow. I'll just settle for $200 per share, thank you. But I suppose it's illegal for a stock to go to $200 as long as they're in debt. PS Dang Kingpin, somebody's going to have to teach you how to fix those wide posts.

To: Jason Cogan who wrote (5677)	5/3/1998 5:09:00 PM
From: Alejandro	Read Replies (2) \| Respond to of 12468

<< It will be difficult if not impossible for equity holders to take out cash flow from the company without first retiring the existing debt holders.>> I don't have a problem with your definition. However, that is not what I meant. I have no expectation of taking cash out of WCII. Any money we make on the share price, is totally independent of cashflow. Yes, I understand that negative cashflow and bad fundamentals etc do affect the stock price but when you sell higher than where you bought, that is marketplace profit. That is coming out of the pocket of the one who bought my shares at the higher price. That last sentence doesn't read well, but you get the point. WCII is the typical risk-reward issue. We are betting that what WCII is investing in far outweighs the present negative earnings and the debt load. Hope that clarifies my original cashflow statement. See ya Ali