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

To: Malcolm Grover who wrote (9642)	12/17/1998 4:29:00 PM
From: gauguin	Respond to of 12468

I understand WCII never reopened and WMB never halted. Could someone explain to me why WCII did not reopen? Is a 2% stake enough to do that? Is there, potentially, more news coming out after market close? Thanks, Barbara

To: Malcolm Grover who wrote (9642)	12/17/1998 4:30:00 PM
From: George Mc Geary	Read Replies (1) \| Respond to of 12468

WinStar surges after Williams deal Telecom providers ink million-dollar capacity swap By Jeffry Bartash, CBS MarketWatch Last Update: 3:53 PM ET Dec 17, 1998 NewsWatch NEW YORK (CBS.MW) - Shares of WinStar Communications spiked 7 percent Thursday after it agreed to swap some of its wireless capacity for some capacity on Williams Communications' national fiber network. Under the deal, announced at WinStar's investment conference in New York City, WinStar will allot 2 percent of its long-term wireless capacity to Williams for $400 million over four years. In return, Williams will provide WinStar with a portion of the fibers in the 32,000-mile route national network that Williams expects to complete in 2000. WinStar will pay $640 million over seven years. Shares of Winstar (WCII) jumped 2 7/16, or 7 percent, to 37 in late afternoon trading. Williams (WMB), parent of Williams Communications, rose 7/8, or 3 percent, to 29 13/16. The deal essentially will allow WinStar to offer high-speed local, national and data services to its wireless customers by hooking them up to William's broadband network. Williams, which sells wholesale fiber-optic access, will be able to offer wireless services. WinStar will build 270 hubs by 2001, 60 of which are already operational and will be immediately made available to Williams. Williams will provide 60,000 fiber miles and other network-related items, at a lower price than WinStar had previously been paying. cbs.marketwatch.com

To: Malcolm Grover who wrote (9642)	12/17/1998 4:43:00 PM
From: George Mc Geary	Respond to of 12468

Resistance is resistance and only ignored buy overriding news. Yes I feel that the 48 will hold for tomorrow but the 42 is what I hope will be broken by the news. The market and none of us will determine the value of the announcements. I think this GREAT news but I am not the market. A revisitation of yearly highs would surely be appreciated by all here who have had the faith to remain in this stock from 48 to 13 and now back to 37+. Good luck to all who are long this one. My condolences to those who are short and did not get out today when they had a chance.