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

To: Steven Bowen who wrote (7802)	8/15/1998 1:28:00 PM
From: limtex	Read Replies (2) \| Respond to of 12468

Steven - Actually I have never asked for a quick deal. Sure I was as delighted as everyone else at $45+ but I never asked for it now. A reasonably stable slow price increase following the regular earnings announcements which show how well deployment is going was what I expected not thiis kind of roller coaster! My only fear is that in this bear market which IMHO has all the potential to outdo 1929 and the 1930s there is absolutely nothing to prevent the WCII share price from dropping into the teens until it announces a Q with actual earnings. After that in any normal market WCII doesn't really need to do any deal at all with anyone. LD is a commodity and with companies like QWST driving down the margins on backbone BB capacity and all the new trans-oceanic fibre LD world wide in fact LD/BB is going to be very very cheap. The only ones to make any money in telecom will be the last mile companiesand the most efficient of those will be wireless. I think that it is now quite clear that the tlecommunication business as have know it for about a hundred years is effectively over as a commerical concern. Sure it will continue to exist as a business for some time to come but it will be in major and permanent decline. AT&T will try as hard as they can but they're too big to react to a fundamental change that removes the whole foundation of their current business. TGNT will no doubt be there but WCII will be out in front and will no doubt be given a massive multiple which will enable it to go to town on acquisitions presumably of product which will start putting the TV companies into play. All this good news is what I believed and what I still believe is about to happen to WCII but not in a 1929 or rather a 1998 market scenario. What an incisive comment you made about all of thinking we were in a bull market and have only now realised that we've been in a bear market for quite some time. Your perfectly phrased comment summed it up. the trouble is that you hang on in hope and then suddenly you're on the deck of the Titanic singing "Nearer to Thee..." Still lets carry on hoping!!! BTW Ali what do think? Best regards, L