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


To: TheSlowLane who wrote (10535)3/4/1999 10:02:00 PM
From: Steven Bowen  Read Replies (4) | Respond to of 12468
 
Hi Paul,
Thanks for the report, I won't have time to listen until later.

In the meantime, more of that excellent Rueters reporting;

"WinStar Communications Inc. stock fell 25 cents after it reported a wider-than-expected loss in the fourth quarter. WinStar last traded at $32.44 on the Instinet. On the Nasdaq, WinStar closed at $32.69. After the market close, it reported a net loss of $3.80 compared with a loss of $2.50 from last year. First Call consensus was of a loss of $3.86 a share"

Of course, they later corrected it;
"Please read fifth para as "reported a narrower-than expected..." instead of "wider-than-expected." (corrects result)"

Of course, they still entitle their table;
"TABLE - Winstar Q4 net shr loss widens"
Why can't they ever report;
"Table - CLEC revenues increase 500%"

First pass over the report looked impressive to me, except for hubs which I expected would be disappointing.

SteveG, thanks for all your excellent reporting lately, you're a tremendous asset to this thread and SI in general. I hope everybody realizes how lucky we are to have you around and participating as much as you do.

Steve

PS Any hints on any government contracts?
PPS Ed, please give us your review when you have a chance.