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: Robert Scott who wrote (9920)	1/8/1999 8:17:00 AM
From: Steven Bowen	Respond to of 12468

BT Alex Brown - Bo Fifer WINSTAR COMMUNICATIONS INC. (WCII) "STRONG BUY" Forms Joint Venture To Offer Wireless Fiber Services In Japan HIGHLIGHTS -- In keeping with a promise made at an investor meeting in December, WinStar has joined with an established long haul carrier to offer broadband wireless data services in Japan, the company announced Tuesday (5-Jan). - PARTNERS: WinStar has formed a joint venture with KDD, Japan's largest international telephony provider, and investment firm Sumitomo Corp. The venture, dubbed KDD WinStar, will be owned 55% by KDD, 35% by WinStar, and 10% by Sumitomo. WinStar's initial investment amounts to approximately $3.1 million (350 million yen). - POSITIVE NEW NEWS: According to WinStar, rates for T1 lines are around $2400/month compared with just $600-$700/month in the U.S. KDD WinStar plans to begin offering service in 5 top-40 Japanese markets in 2Q 1999, including the two largest (Tokyo and Osaka). As WinStar had earlier indicated, the initial service will be packet-based data networking and Internet access as opposed to circuit switch voice services, which should allow WinStar to build out a lower cost network with lower initial operating losses. - OTHER INTERNATIONAL VENTURES: WinStar has focused on three major international areas: Europe, Asia/Pacific, and Latin America. EUROPE: Expects to "fly solo" in Europe with Lucent in the background. Netherlands launch scheduled for 1Q 1999. Filed for licenses in 7 markets in Germany. Plans to file in France, Belgium, and U.K. in 1Q 1999. ASIA/PACIFIC: Expects to establish JVs to facilitate buildout. JV announced today in Japan with 2Q 1999 expected launch. In talks to form JV in Australia to participate in Feb-99 auctions. LATIN AMERICA: Signed LOI to acquire 38 GHz spectrum in Argentina. Deal could close in January, with operations commencing in late 1Q 1999. - NET-NET: Today's announcement marks WinStar's first entry into international markets. We expect WinStar to begin operations in 6 international markets by YE 1999, on its way to 50 markets within 5 years. Coupled with the 60+ markets contemplated in the U.S., WinStar's presence would extend to 110 of the largest telecom markets in the world. Could the next deal be for undersea dark fiber? - VALUATION: Based on our 10-year DCF, using a 20% equity discount rate and a 10x terminating multiple, our 12-month price target for WCII is $51/share. Our model is currently under review to incorporate the effects of the expanded market rollout schedule and the recently signed deal with of the expanded market rollout schedule and the recently signed deal with Williams Communications for domestic long haul fiber.

To: Robert Scott who wrote (9920)	1/8/1999 8:30:00 AM
From: Steven Bowen	Read Replies (2) \| Respond to of 12468

From SteveG, here is nexts weeks SSB conference schedule of presenters; **Monday Room 1 Room 2 Room 3 Room 4 7:45 BCE TCA Cable Penton Media Heftel Broadcasting 8:30 MetroNet Comm Air Touch DoubleClick Clear Channel Comm 9:30 Call-Net US WEST Washington Post Sinclair Broadcast 10:15 Teleglobe Western Wireles Time Warner 11:15 RCN Corporation Sprint PCS C\|Net Chancellor Media 12:15 Lunch--Bernard J Ebbers. President & CEO, MCI Worldcom 1:40 Mel Karmazin, President & CEO, CBS Corporation/Infinity 2:45 BellSouth Fixed Satellite Reuters Cox Communications Serv. Panel 3:45 Cable&Wireless Tel. Reg/ Mobile/Sat. Comcast Andy Lipman Serv Panel 4:30 Bell Atlantic Licensing EW Scripps @Home The Brand 5:20 Walt Disney 7:00 Reception & Dinner--C. Michael Armstrong, Chairman & CEO, AT&T Tuesday 7:45 Frontier Adelphia AH Bolo Skytel 8:30 Williams Comm Rogers McGraw Hill ALLTEL 9:30 Hyperion MediaOne Interpublic Grp American Tower 10:15 Level 3 Grupo Televisa Omnicom Crown Castle 11:15 Qwest Comm Excite McClatchy News Lamer Advertising 12:15 Lunch-- Edward E. Whitacre, Jr., Chairman & CEO, SBC Communication 2:0O Teligent VSNL AOL 2:45 ICG NTT DocoMo PriMedia Premier Parks 3:45 France Telecom Tribune Videotron Granite Broadcstng 4:30 New Zealand Playboy Ent Cablevision Clearnet Telecom 5:20 Sumner Redstone, Chairman & CEO, Viacom 7:00 Reception & Dinner, John Malone, Chairman & CEO, TelecommInc/LibertyMedia Wednesday 7:45 Cincinnati Bell Infoeeek Paxson Commun Omnipoint 8:30 Intermedia Sportsline USA Ackerley Group Partnering w/BigOne 9:30 McLeodUSA Lycos Times Mirror Aerial Commun 10:15 Allegiance Alliance-Atlantis New York Times Powertel 11:15 CenturyTelephone Loews Cineplex Young & Rubicam MCI Embretel/ Chile Tel 12:15 Lunch Charles R. Lee, Chairman & CEO, GTE 1:45 Global Crossing Newscorp/Fox Ent 2:45 Pacific Gateway Seagram Knight Ridder NTL 3:45 Equant BCE Mobile Central News Globo Cabo 4:30 MetroMedia Fiber Omnitel Pronto Peterson Publ tba 5:20 Leo Hindery, COO, TeleCommunications Inc,/John Zeglis, President, AT&T 7:00 Reception & Dinner Entertainment "Cirque du Soleil" Thursday** 7:45 USLEC Hearst Argyle 8:30 WinStar Citadel 9:15 NEXTLINK TMP 10:15 Portugal Tel Yahoo 11:00 Bell South Intrntnl United Video Satellite Group 11:45 Sprint telesave.com