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

To: limtex who wrote (10741)	3/16/1999 1:32:00 PM
From: Steven Bowen	Read Replies (2) \| Respond to of 12468

Hi L, Sorry so slow getting back to you. Had major computer problems here. Tried to load a new operating system and ended up reformatting the hard drive and reloading everything from scratch. Major pain. Just a couple points I wanted to make; - Not everything is as rosy as you picture. The quarter was OK, but not outstanding like you've made it out to be. I could actually use some numbers and paint a rather bearish picture (I'll chose not to do it here where I'd face a lynch squad). Hub growth is not good, and the simple fact of the matter is that no other market is coming close to New Yorks performance, no matter how many times they tell us everything is tracking new York. It appears markets 2 thru 5 are a year behind New York for whatever reason. - The most important thing is that it appears WinStar is staying mainly on track. A lot of other CLEC's have started disappointing, and getting killed. Maybe the street is just anticipating that WinStar may be the next to run into tough times. - The "news" lately hasn't been that great. The only real significant news in quite a while was the Lucent deal and the Williams deal. And WinStar did make and hold healthy gains in each instance. The rest of the news is and was expected. It's been known for quite a while about international plans, so you can't expect evry bit of news there to move the stock. Also, maybe a lot of news that has been expected is being viewed as negative because it isn't happening; ie WinStar needs, and has been expected to sign, more deals like the MFNX deal. But none have been forthcoming. I think more deals like Williams may have also been anticipated. Also remember that word of government contracts was originally expected in December. May be people tired of waiting on that news and/or not expecting contracts to the level originally anticipated. And I think many people have expected a spin off of New Media into this internet frenzy, but it's looking like that isn't happening either. So maybe as important to the street as what gets announced is what doesn't get announced. - Analyst; you've gotta remember to take everything they say with a grain of salt. They definitely have ulterior motives, and it is not to make Limtex any money. Grubman isn't making $20M or whatever every year because he makes any clients a cent; he makes it because he makes Smith Barney hundreds of millions. But they aren't looking out for your best interest at all. They're good for information and for moving the stock, but forget about predictions and recommendations. Sorry to rain on your parade, but you need to be realistic. Steve