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

To: Steven Bowen who wrote (10068)	1/19/1999 4:44:00 PM
From: limtex	Respond to of 12468

SB, Zoroa and all - Sorry to interupt the conveersation about the price per POP stuff and WNP and auctions and all that but I just noticed that WCII appears to be over $44!!!! Lost for words.....and very happy I think! Regards, L

To: Steven Bowen who wrote (10068)	1/19/1999 6:33:00 PM
From: Bernard Levy	Read Replies (3) \| Respond to of 12468

Hi Steve: I think that transmission and Zorro have a point. If you take the map of Nextlink's CLEC operations -- and in particular its most mature markets (there are nice maps on NXLK's website) and Nextband's bidding activity, it is quite obvious that Nextband was following a precise script. Given the limited bidding credits it had available, Nextband did not have much leeway in what it could do and followed a fairly predictable strategy. WNP's actions were more suspect, but you have to remember it takes two to collude. It could be argued that WNP was just attempting to pick all the low hanging fruit as cheaply as possible. I also owe an apology to transmission. I was unaware that Baker Creek had defaulted on its licenses, as you discovered. Best regards, Bernard Levy In the long run, with all the spectrum still to be put up for auction by the FCC, I do not believe that broadband wireless operations will be constrained by spectrum scarcity. I think capital scarcity will be more of a consideration. I have real difficulties visualizing the tremendous amount of duplication represented by 3 or 4 broadband wireless networks in major cities. This is not something lenders will want to encourage.