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

To: Gary Kline who wrote (9484)	12/4/1998 6:47:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 12468

*OT* Hi Gary: Actually, I would like to hear the views of regular posters on this thread regarding which CLECs besides WCII look attractive to them. I think we all have a good handle on TGNT and ARTT, but I have a much harder time separating the wheat from the chaff when studying other CLECS such as ICIX, ICGX, RCNC, NXLK, MCLD, ESPI, HYPT, ELIX, GSTX. In particular, I note that GSTX has been very active in the area where I live. They won a contract for the Travis Air force Base, and won an Internet2 contract for NTON, an advanced fiber optic network linking Lawrence Livermore Nat Lab and several academic institutions on the West Coast. Yet, its stock seems to be treated like it suffers from radioactive contamination. It has a convert too, and Morgan Stanley seems to be playing the same games with it as it did with WCII. I am wondering if anybody here (Mark Lewin, Hal Barnett...) has strong views regarding which CLECs look interesting and why? CLECs appear to be valued like their bonds. So, if Alan Greenspan achieves another soft landing (the first was in 94), junk bond spreads will narrow a lot, and CLEC stocks will recover. We need only to find the CLECS which are well financed, well managed, and are closer to turning EBITDA positive. I think most of us can figure out the financing stuff, but the management part is harder to assess. Best regards, Bernard Levy

To: Gary Kline who wrote (9484)	12/5/1998 10:09:00 AM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

"One hundred percent of the net access lines added during the quarter were on-switch..." "It seems like the mature markets that WCII is in for >1-2 years should have this statement as their goal each quarter." Hi Gary, I guess this is a difference between wireline and wireless CLEC's. WinStar's low on-switch numbers (only 37% last quarter) have always bothered me (especially when others are making statements such as you quoted above). Ed checked this out for me, and of course it seems WinStar puts the blame back on the ILEC. From what I understand (and trust me, that isn't much), all resold lines must go back thru the ILEC's central office. From there, to go thru WinStar's switch, the ILEC must lease WinStar a T-1. I guess the trouble must be that the T-1 isn't available??? (which doesn't make any sense to me, since it doesn't seem WinStar would put a switch somewhere that wasn't connect with fiber to every other switch or office in the city), or it's the same problem of ILEC provisioning and foot dragging???. Somebody else will understand this a lot better than I do, but it seems the problem is the line from the ILEC CO to WinStar's switch. So it looks like in many cases, lines won't go on-switch until they go on-net. Hopefully someone else can explain this so that we all can understand.