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

To: Steven Bowen who wrote (8746)	10/17/1998 5:24:00 PM
From: SteveG	Respond to of 12468

A quick checkin from out of town- P-COM is now working with Seimens. Seimens does the system integration. Financing would be through a major integrator llike LU, NT (USED to integrate PCOM radios), Hughes or Seimens.

To: Steven Bowen who wrote (8746)	10/17/1998 6:21:00 PM
From: Robert Scott	Respond to of 12468

As part of the August 10 Press Release - Siemens and P-Com Announce Partnership Agreement for Wireless Broadband Solutions - OEM Agreement Includes Joint Development Activities for Point-to-Multipoint Systems "In recent related news, WinStar Communications Inc. (NASDAQ:WCII - news) has announced an expansion of the agreement with Siemens Telecom Networks for the supply of point-to-multipoint equipment and systems integration services. Under the new agreement, Siemens will add P-Com manufactured point-to-multipoint systems to WinStar's wireless broadband demonstration network in Washington, D.C. Siemens also will provide ATM equipment, network management systems and integration services for this network."

To: Steven Bowen who wrote (8746)	10/17/1998 9:01:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 12468

Hi Steve: There are two components to P-MP products: the hardware (transmitters and receivers) and the wireless networking software. I see P-Com as the leader in the first area, while Hughes has extensive experience on the software side. We are getting soon to the point where I will need to make a decision on P-Com. I expect that they will be reporting an ugly loss this quarter, and the time to jump in would be just after that. Going forward, I see 2 or 3 more bad quarters, as PCMS and DMIC undercut one another in the P-P market. Thanks to its acquisition of INVA, DMIC has actually cheaper P-P products right now. However, DMIC decided to punt on P-MP, and I expect that this will cost them a lot in the long run. In fact, I would not be terribly surprised if DMIC goes under in 2 or 3 years. However, P-Com will need to withstand a very nasty period until P-MP demand takes off. Presumably, if P-Com runs into trouble, it will make a very attractive acquisition candidate, just for its P-MP products. So, I will probably make a small bet on P-Com this week, but I would advise caution. There are many cheap tech stocks right now, so with a rather uncertain economy next year, the best strategy is probably to be very diversified, just in case some companies do not make it. Best regards, Bernard Levy