Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bernard Levy who wrote (9663)	12/17/1998 6:34:00 PM
From: wrm1	Respond to of 12468

Dr. Levy, I think Ms. Comfort is in for a hard, not so comforting time. Regards, WRM1

To: Bernard Levy who wrote (9663)	12/17/1998 6:36:00 PM
From: limtex	Respond to of 12468

Dear Bernard, 1. This time the market has got a real rally underway with the tech stocks as these are seen to be able to perform next year whereas the old industries KO, BA 3M etc are going to dissappoint next year. 2. The new today coincides with 1. above and that is good. 3. The deal looks very good and VERY aggresive. I mean having a go at WCOM well that is news and if this grouping is capable of making an impact on WCOM then that give them a very special credibility boost all by itself. 4. All the above and a good earnings announcement very probable well I don't think Ms Comfort is going to very much negative now and plenty of others are going to say a lot of very postive stuff over the next few days. IMHO and this has been along time coming and a lot of anguish along the way well I think we've at least got a base at a low of $33/34 and the upside looks much more like a good bet with anything up to $60 before the end of Jan. Best regards to all, L

To: Bernard Levy who wrote (9663)	12/17/1998 6:57:00 PM
From: Richard Dunaven	Respond to of 12468

Bernard, <What do you think this going to do to the converts? Do you think that WCII has a realistic chance of staying above $40.75 for enough time to force a conversion> First of all I believe the number goes up if we go into 99 but I don't off hand know what it is. It doesn't go up much as I recall. Second, if the rumor around the sell off in late Aug and Sept was due to the convertibles and the unwinding of LTCM as we have been told, these converts are in different hands for the most part. Whether or not they have the same philosophy of playing the position is a tough call. If they see the potential they might just ride the stock higher until the CO converts which would unlock an additional 5 mil for shorting at a higher price. It's hard to tell if they will take the same philosophy as LTCM did. Unless they covered at a lower price they are max'd out so to speak until the CO converts and can't continue to short unless they want to do so Naked which I doubt they would do. Best of luck! Ric D.

To: Bernard Levy who wrote (9663)	12/17/1998 7:12:00 PM
From: Steven Bowen	Read Replies (3) \| Respond to of 12468

Hi Bernard, The new stepped up value for conversion this year is 42 3/8, if I remember correctly. We ought to give that a go tomorrow. I don't think Stephanie can do much to ruin this party, can she? The only thing that worries me a little is that she can probably bash the deal saying both companies way over paid for what they got. You know, like I'll buy your car for 25,000 if you buy mine for 20,000, when in reality they're worth 10,000 and 15,000. Steve said something like there is already talked that both sides were marked up by maybe 100%. FWIW, I just talked to Steve from JFK as he was waiting for his plane, and he is one psyched up guy. Very excited about everything he heard today. Hasn't slept in about 48 hours and still going at about 120 MPH (but that is almost a normal speed for Steve, he just never slows down). He went on a bit, but hopefully he'll be able to post a good summary tomorrow. Definitely very excited though. Also hints of a lot of news yet to come (ie expecting $600 million in government contracts in the next 2 to 3 months). Steve PS Ric, the converts price steps up in October I believe. And Bill coming on next.