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To: Hal Barnett who wrote (9202)	11/7/1998 11:43:00 PM
From: DubM	Respond to of 12468

Ran across the following article. I have a hard time seeing the logic of spending something upwards of 10 mil a year for NY office space. WinStar Leases Third Avenue, New York, Property, Crain's Says New York, Nov. 3 (Bloomberg) -- WinStar Communications Inc. signed a 15-year lease on 257,000 square feet of office property at 685 Third Avenue, New York City, Crain's New York reported. Asking rents on the floors the telecommunications company is renting were $38 to $52 a square foot, although Insignia/ESG, the broker that represented both WinStar and the company that oversees the building, Emmes Asset Management Corp., declined to comment. WinStar's plans bring the 660,000-square foot building to 96 percent occupancy, Crain's said. Last month, WinStar said it will receive $2 billion in phone equipment and financing from Lucent Technologies Inc. to expand its wireless phone network. (Crain's 11/2 1 www.crainsnewyork.com)

To: Hal Barnett who wrote (9202)	11/7/1998 11:47:00 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 12468

Hal, Chambers doesn't know when to leave a good thing alone, IMO. Of course, packetized voice will come to be commonplace in due time, but not for a long time where mainstay services such as those on kitchen walls and pay phones are concerned. Not for a long time. I wish he'd stop hyping this thing the way he does. It makes it difficult those who are trying to paint an accurate picture. >>On Friday there was an interview with the chairman of Teleglobe and he was asked about this and generally agreed. He added that circuit switched POTS would still be used in developing countries but that most developed countries would be sending traffic over packet routing networks.<< I watched the Teleglobe founder Charles Sirois as he squirmed for the first time during that interview when he was asked this question. He knew better, I could tell, but he was not about to contradict the words of Chambers, especially since the questions were posed to him in those terms, so he made the best of it, and agreed without specifying time frames, that packetized voice would some day prevail. Ask anyone who has any insights or influence in the new realm of IP Voice and Fax, not to mention video, and they will tell you [if they are at all honest about it] that there are still huge problems ahead where public Internet Voice networking is concerned, and we're a long way from getting from here to there. Private VoIP networks, and VPN-based voice services are a different animal, and they are gaining more rapidly than the public side, but those are not what Chambers and the Teleglobe official were talking about. FWIW. Regards, Frank Coluccio