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

To: Steven Bowen who wrote (7631)	8/9/1998 12:15:00 AM
From: SteveG	Read Replies (2) \| Respond to of 12468

<...But how do you explain the large short interest???..> BLEEDING cash to the buildout, misunderstanding of BB fixed wireless, an easy to target float, a big runup and not least - Morgan Stanley's bearish research reports. If a Goldman or Morgan wrote bearish reports on TGNT, you'd see some shorting there too, though the float is much smaller. The others aren't in the same BB wireless business, which is easier to dismiss. It IS surprising to me that ARTT's short position is so light. In any case, is your concern that BB wireless tech doesn't work? Or that customers won't sign up for it? Or that WCII doesn't plan to deploy it? If any of these could be true, I would have concerns. That WCII plans to have 100-125 hubs up over the next 5 months, and a vendor surprise in the next two weeks, may say something about their otherwise previously slow migration to on-switch and net. This market is pretty funky, so who knows what kind of intermediate term valuations we might get. But as long as inflation is not here and interest rates stay low, and baby boomers are bringing home that pay check with no real hope for social security, where are they gonna put it? And what will capture their minds, and disposable and investment dollars more than the REAL internet capabilities when HBW LL (and the inevitable concomittant applications) start becoming available over the next couple of years? It really is a brave new world, and WCII just happens to have some great real estate in it. Now if any of the 3 concerns above show signs of possibly being true, I'll get worried (for the longer term). In the meantime, it may be a painful 3-6 months or more for the whole market and especially growth stock valuations.

To: Steven Bowen who wrote (7631)	8/9/1998 12:55:00 AM
From: DubM	Respond to of 12468

Steve, in your analysis are you using July short interest or is there a place to find current info? Thanks, Dub

To: Steven Bowen who wrote (7631)	8/9/1998 2:21:00 PM
From: indy	Respond to of 12468

Steve Bowen - Re short interest It has been mentioned that the "convertable note" holders could benefit from shorting the stock. If these note holders have shorted the stock, that could make WCII different that the "other companies". Has or can anyone calculate the potential number of shares that might be shorted by these note holders? With the price at its current levels (not near conversion price of $40+) could the actual current August 9, 1998 short position be much lower than the reported July numbers? I am disheartened by WCII stock performance (because I need the money), however I believe that the fundamentals are unchanged. If the current fundamentals are bad, they have been bad for quite a while and we have just plain not recognized it. I like WCII, the fundamentals, the story, etc., I just need to be patient until the market recognizes the true WCII. Thanks. I feel better. Maybe this post can help someone else feel better about WCII. Indy