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

To: MangoBoy who wrote (10085)	1/20/1999 11:19:00 AM
From: SteveG	Read Replies (1) \| Respond to of 12468

Winstar -2: J.P. Morgan Sees '98 Loss Of $11.92/Shr >WCII NEW YORK (Dow Jones)--J.P. Morgan Securities Inc. initiated coverage of WinStar Communications Inc. (WCII) with a buy rating. In an research note, J.P. Morgan analyst David Barden said the company is one of three U.S. companies that "has the spectrum resources to exploit the benefits of a national wireless last-mile approach." He projected that WinStar will lose $11.92 a share for 1998 and lose $13.30 in 1999. Barden also set a 12-month share-price target of 60. WinStar shares were recently trading at 45 4/16, up 7/8, or 2%. ~~~~~~~~~~~~~~~~~~~~~~~ (and more initiations of coverage to come)