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

To: Steven Bowen who wrote (9209)	11/9/1998 1:10:00 AM
From: Bernard Levy	Read Replies (1) \| Respond to of 12468

Hi Steve: This may be splitting hairs, but the next FCC auction will actually be for spectrum at 39GHz. Actually, except for large companies, such as IXCs, ILECS, and cable companies, all new bidders will not stand a chance to compete against WCII and TGNT. In fact, I expect that most LMDS auction winners will flounder around, because the residential market may not have reached critical mass yet, and they are too far behind WCII and TGNT to compete in the business market. In retrospect, the FCC auctions look more and more like a big scam. The FCC conducts its A and B PCS blocks auctions for incumbents, and then opens the doors to frenetic bidding for the C block licenses. The startup companies who bid for the C-blocks overpay, and are so far behind the incumbents that they go under. For the LMDS auction, the winners pay for something that the FCC gave away for almost free to WCII and TGNT several years or months earlier. Once again, the auction winners do not stand a chance because they are too far behind. I am wondering how many bidders the FCC will find for the 39Ghz band. Except for IXCs, WCII and TGNT, who else will want to participate? Best regards, Bernard Levy

To: Steven Bowen who wrote (9209)	11/9/1998 3:00:00 AM
From: limtex	Respond to of 12468

SB and Bernard, Yes a couple of other segements but we all remember how long the Government took to actually get the LMDS auction going and how long it was delayed. So assuming some company comes along and ignores Bernard's advice ( I wouldn't advise anyone serious to ignore Bernards advice in the wireless industry)what happens? Lets see, auction next year possibly delayed till 2000 and then some? Then the paper work and the planning, another year and your looking at near 2001 before you can get your first customer mayvbe later. The sisters need action now to prop up their share prices and for their managements to protect their necks from the shareholders chopping blocks. The sisters aren't interested in stories they need earnings and revenues and they need them today (if not yesterday in the case of Deutsche Telekom). And their GSM investments are going to be under preasure too. Hopefully QCOM is going to make big inroads in some juicy markets which previously had been staked out for GSM scams and the next generation of GSM looks hopefully like it runs right across land owned by QCOM patents so thats blocked that escape route too until the courts have sorted it out. Some of the sisters still have Government stakes and if the sisters can't con more innocent bystanders to buy their stock then the managements will face a very big and nasty chopping block. These Governments don't like to lose money in the markets, it just doesn't make them look good. Regards, L

To: Steven Bowen who wrote (9209)	11/9/1998 3:42:00 AM
From: limtex	Read Replies (1) \| Respond to of 12468

SB - Here's a post from the CSCO thread talking about WCII's patch:- Message 6339505 Isn't this interesting and indepedently corroborative? Goodness for those out there doing Due Diligence and any bright IB's ( bit of an oxymoron there) thing to do from now on is to check, if not actually read the articles on the relevant SI thread!!!! Should become a standard procedure. There is some very clear analysis presented on SI particularly on WCII and QCOM but on others too. Wait till the first lawyer in a class action asks a witness: " Excuse me but did you happen to read the SI thread where all this downside was very well discussed and analaysed?" SI is on to quite a place in History. Regards, L