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

To: TheSlowLane who wrote (8956)	10/27/1998 9:20:00 AM
From: Alejandro	Read Replies (1) \| Respond to of 12468

<<Sad that Mandl apparently doesn't understand WinStar's business model. I would find that unsettling if I was a TGNT holder.>> I think he clearly understands, He simply has programmed himself to bash WCII whenever he gets a chance. Maybe it is an obsession now.

To: TheSlowLane who wrote (8956)	10/27/1998 9:21:00 PM
From: ziad daoudi	Respond to of 12468

Teligent launches service in 10 markets October 27, 1998 08:11 PM By Jessica Hall NEW YORK, Oct 27 (Reuters) - Teligent Inc. TGNT , the upstart communications company led by former AT&T Corp. T President Alex Mandl, is finally open for business. Eleven months after launching its initial public offering, Teligent on Tuesday started providing phone and data service in 10 U.S. cities and announced plans to move into five additional markets by year-end. Teligent offers small and medium-sized businesses local, long distance, high-speed data and Internet services for a flat monthly rate, with up to 30 percent savings off traditional communications services. Teligent's wireless system uses digital radio signals instead of using traditional copper wires or fiber optic cables. "Teligent is making its long-awaited debut. Big things are expected," said industry analyst Jeffrey Kagan of Kagan Telecom Associates. Led by Mandl, who was once seen as the heir-apparent at AT&T, Teligent has attracted much attention on Wall Street even without meaningful revenues or customers. Shares of Teligent gained $3 to $32.94 in midday trading on Tuesday. The stock is up about 53 percent since its IPO last November but slightly below its high of $35.375 in February. "They hired Mandl for marquee value to get the attention of analysts, investors and the media. Now, they've done that but they have to prove themselves...now its time to deliver on the promise of that hype," Kagan said. Teligent has built a solid foundation, with a $100 million investment last year from Japan's Nippon Telegraph and Telephone Corp and secured financing to bankroll it through the year 2000. Teligent has also grown its workforce to about 1,200 workers and signed agreements to provide telecommunications services in buildings owned by real estate companies such as CarrAmerica Realty Corp CRE . and U.S. RealTel. While Teligent is making a strong start, the company is still behind other emerging companies such as WINSTAR Communications Inc. WCII which already provide service to customers, analysts said. Teligent and the other upstarts will also face intense competition from incumbent phone companies, who have greater name recognition, deeper pockets and more expansive work forces, analysts said. Teligent will also continue to face losses as it builds its network, analysts said. For the first six months of 1998, Teligent posted a net loss of $97.7 million or $1.86 a share compared with a loss of $50.6 million or $1.14 a share a year before. Teligent on Tuesday started service in New York, Los Angeles, Chicago; Houston, Dallas/Fort Worth, San Antonio, and Austin in Texas; Washington D.C., Denver and Tampa, Fla. By year-end the company plans to serve San Francisco/Oakland and San Jose in California and Miami, Orlando and Jacksonville in Florida. The company aims to be in about 30 markets by the end of 1999. Teligent on Tuesday splashed its new advertising slogan, "Telegraph. Telephone. Teligent." throughout Times Square and the World Trade Center in New York City, along Wilshire Boulevard in Los Angeles and in commuter trains in Chicago. In addition to its U.S. presence, Teligent has previously said it has held preliminary talks for various international opportunities that could emerge next year. The company has cited India, Brazil and Mexico as potentially attractive markets. (( New York newsroom 212-859-1729)) REUTERS Top Terms of Use, and Privacy Policy. © 1996-98 Microsoft Corporation and/or its suppliers. All rights reserved. © 1998 Reuters.