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

To: Steven Bowen who wrote (10048)	1/18/1999 9:53:00 PM
From: SteveG	Read Replies (1) \| Respond to of 12468

great points - if that analyst thing doesn't work out, how about a job at the FCC?

To: Steven Bowen who wrote (10048)	1/19/1999 3:24:00 AM
From: Zorro	Read Replies (1) \| Respond to of 12468

Steven, There is a very simple reason for the apparent lack of competition between WNP and NextBand in the LMDS auction. As you know, the total upfront payment defined the maximum amount of bidding units on which each applicant was permitted to bid. These were $80.4M and $30.2M for WNP and NextBand, respectively. Also note that the sum of the WNP and NextBand bidding units only amount to about half of the bidding credits required to be eligible to bid for ALL the A-block licenses ($186M) and ALL the B-block licenses ($19.4M). To further put the top markets into perspective, eligibility just to bid for the A-block license in LA required $13M (which accounted for almost 1/2 of NextBand's bidding credits). WNP, on the other hand, had the muscle to pursue most of the top markets with little or no challenge. Z

To: Steven Bowen who wrote (10048)	1/19/1999 1:01:00 PM
From: transmission	Read Replies (1) \| Respond to of 12468

I think Zorro did a masterful job with his sword 2 posts later, but also think there was some correlation between Nextlink and its wired CLEC locations. Baker Creek and Hyperion clearly did this in their bidding too. Without looking back at round charts, while WNP might have wanted certain big cities, if initial bids were higher than elsewhere and Winstar & Nextlink were other big apes groping around, wouldn't you have concentrated on the low hanging fruit than start a food fight that only benefits Uncle Sam.