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: silicon warrior who wrote (10096)	1/20/1999 7:03:00 PM
From: silicon warrior	Read Replies (1) \| Respond to of 12468

JPMorgan initiated coverage with a buy rec. today; do not yet have text; will advise if I obtain it tomm'w. RESEARCH ALERT - Winstar Communications NEW YORK, Jan 20 (Reuters) - JP Morgan analyst, David Barden initiated coverage of WinStar Communications Inc. (Nasdaq:WCII - news) with a buy rating and set a 12-month price target of $60 a share for the competitive local exchange carrier (CLEC). -- Barden wrote: ''...WinStar is a leading national CLEC and one of the first to bridge the local 'last mile' with a wireless solution.'' -- ''WinStar is one of only three companies in the United States we believe has the spectrum of resources to exploit the benefits of a national wireless last mile approach.'' -- ''We project that WinStar will generate 49 percent compound annual revenue growth for 1998-2003. We believe the company's EBITDA loss will trough in 1999.'' -- Competitive local exchange carriers are entrepreneurial rivals to the Baby Bell companies and GTE Corp. (NYSE:GTE - news) that continue to have a virtual monopoly hold on local service in most regions of the United States. -- Share price was up 1-3/16 at 45-5/8 on the Nasdaq stock market. -------------------------------------------------------------------------------- More Quotes and News: GTE Corp (NYSE:GTE - news) Winstar Communications Inc (Nasdaq:WCII - news) Related News Categories: US Market News