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

To: Zorro who wrote (10065)	1/19/1999 4:39:00 PM
From: Steven Bowen	Read Replies (2) \| Respond to of 12468

"The discrepancies between the upfront payments ...and the maximum eligibility reported in the above file is due to reduced eligibility resulting from rounds were each bidder had insufficient activity AND did not use an activity rule waiver." That makes sense. By the end of the auction, everyones remaining bidding eligibility probably about equaled the minimum bids for their won markets. At least that's what I showed to be true in my last post regarding WNP and Nextband. "The point remains that the LMDS auction was a big flop because there were not enough bidding credits to sustain a real bidding war for the top markets." The point also remains that the two largest bidders chose to forfeit $20M in bidding credit each rather than going head to head in any market. WNP certainly had enough bidding credit remaining to challenge Netxband in most of their markets. "Transmission also makes an excellent point regarding a strong correlation between NextBand and NextLink's wired CLEC locations." Seems all the better excuse for WNP to try to break up this block. That could possibly explain why Nextband bid where they did, but it doesn't explain why WNP chose not to compete in any of Nextbands markets. Remember, the whole focus going into the auction was on someones ability to put together a national footprint. It turned out WNP was the only one with this capability. Had WNP put together the national footprint, as I think they could have, they would have been that much more valuable to any of the discussed buyers. That they chose to compete in almost every market other than Nextbands suggests to me that they only had one potential buyer in mind.