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

To: Alejandro who wrote (8620)	10/8/1998 8:46:00 PM
From: Jason Cogan	Respond to of 12468

Ali: I agree with you about positive earnings. It is difficult to start an enterprise and have positive earnings from the start. But positive book value is another matter. Even Amazon, a questionable valuation to say the least, with ongoing net losses, has positive book value.. It doesn't owe more than it has. But Winstar does have negative book value, meaning that equity owners have already given away a good chunk of any future profits. To my knowledge, Warren Buffet has never bought a company with no net equity. Please correct me if I'm wrong. Regards, JC

To: Alejandro who wrote (8620)	10/9/1998 9:42:00 AM
From: silicon warrior	Read Replies (1) \| Respond to of 12468

We should all recognize at least the following: in today's "new" environment, Jason C. represents the majority view--the informed view of the street. People are now very risk averse--what could look riskier than this?? BTW Buffett says the key is to have greed when others have fear and fear when others have greed. We sure screwed up an the fear when greed part of the equation hit. Good sign: no shorts at the open--we've been getting beat up by daytrading shorts who cover at day's end--kingpin riding the other side/interval timing. Let's see what today brings--I, being more cautios than some, may find myself a buyer in my pension fund today.