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: limtex who wrote (10508)	3/4/1999 11:53:00 AM
From: wrm1	Read Replies (1) \| Respond to of 12468

To All: I have been trying to compare this sell off with the events of last Fall. Their are some comparable aspects, and a lot of differences. WCII is obviously in a much better financial position and their business model has been implemented with what appears to be a huge success. Very concerning for those of us who followed this thing down in October. The Short positions really concern me. Bob Pisani of CNBC just reported on Fixed Wireless. Indicated these were last mile providers who provided cheaper but equivalent services as the Fiber Optics services. The big point is that most consider this now to be a proven system, and most providers to be take over targets. By name, mentioned, WCII, NXTL, ARTT, and TGNT.

To: limtex who wrote (10508)	3/4/1999 1:22:00 PM
From: GVTucker	Respond to of 12468

limtex, RE:<<I asked someone over on LVLT why anyone would want to participate in a secondary and he said that if you put up on a secondary from a brokerage you get a guaranteed piece of the next secondary and that brokerage firms like them and then put their analysts on the case. Looks pretty thin reasons to me and whats the use of gettting in on secondaries if they end up like WCII? >> You're right, that is a pretty thin reason, and it really isn't all that accurate. Yes, from time to time a firm will take a piece of a hard-to-move issue to stay in an underwriter's good graces. But this is a pretty rare occurrence. The most common reason someone participates in a secondary is that it affords an institution the opportunity to purchase a large block of stock without affecting the price. A fill like that on the open market is impossible.