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

To: silicon warrior who wrote (9771)	12/21/1998 3:03:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 12468

SW and the thread: The price action is actually fairly rational if you read carefully the analysts reports that Steve G was kind enough to post on this thread. In essence, WCII is greatly expanding the scope of what it is trying to achieve. This will generate a lot of unexpected red ink for 99, pushing the positive EBIDTA threshold further out in the future. Of course, on the positive side of the ledger, the total value of WCII at the end of the full build out phase will be hugely increased. But this is further into the future. So the potential gain went way up, but the risk (in the form of increased capital needs) also went up. Looking at the analysts reports, it is interesting that WCII is increasingly mentioned in the same sentence as WCOM and QWST (admittedly, MFNX and TGNT were also mentioned). WCII is clearly pulling away from the CLEC group as the top value in this group. So, stay calm, WCII is a great stock to own for the next 10 years, not for the next 10 weeks. Best regards, Bernard Levy

To: silicon warrior who wrote (9771)	12/21/1998 3:07:00 PM
From: Steven Bowen	Respond to of 12468

"This price action is profoundly frustrating. An otherwise positive market day, oodles of good news, yet we lanquish." But you've gotta remember, this stock was down at 25 when rumors of the meeting and news broke only two weeks ago (I remember it well, I had the puts and was expecting the stock to break down). So you could say we're up 40% on the news. Not bad. And also remember, this stock has always been a buy the rumor, sell the news trader. If we can consolidate that 40% run up in this neighborhood, I'd think we'd be doing pretty good (and I'd be surprised).