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To: Kenneth R Miller who wrote (38632)	5/7/1999 3:38:00 AM
From: SMALL FRY	Read Replies (1) \| Respond to of 120523

VSTR = I daytraded it on May 4 because I got skittish, I should have followed my first instinct to hold. Come May 12, AMEX will begin trading VSTR options. Here's my lame daytrade: Message 9307015 Message 9307641 Message 9308452 Message 9315019 Of course I had to sell the next day because it tanked. I think this market action is pure momentum due to the coverage initiation by the investment bankers' analysts... they made the headlines! Once it settles to a semblance of normalcy then we may be able to pick it up at a less balooned price... at least I hope it does anyway. Here's the original release: Western Wireless Announces Spin-off of VoiceStream Wireless to Shareholders BusinessWire, Friday, April 30, 1999 at 17:13 BELLEVUE, Wash.--(BUSINESS WIRE)--April 30, 1999-- -- Spin-off Will Occur on May 3, 1999; VoiceStream Stock Symbol is NASDAQ:VSTR -- Western Wireless Corporation (NASDAQ:WWCA), a leading provider of cellular and personal communications services ("PCS"), announced today that the conditions to the spin-off of its 80.1 percent ownership of VoiceStream Wireless Corporation have been satisfied. On May 3, 1999, Western Wireless will distribute to each shareholder of record of Western Wireless common stock at the close of business today (April 30, 1999) one share of VoiceStream Wireless common stock for each share of Western Wireless common stock held by such shareholder. Western Wireless anticipates that on May 3, 1999 the trading price of Western Wireless common stock will decrease by an amount roughly equivalent to the trading price of VoiceStream Wireless common stock. VoiceStream Wireless will trade on NASDAQ using the symbol VSTR. "Monday will be a proud day for the teams of both Western Wireless and VoiceStream Wireless. In a few short years our people have built from scratch a business that is now ready to stand on its own and be part of the telecommunications solution for the people who live in VoiceStream territories" said John Stanton, chairman and chief executive officer of Western Wireless. "This split is a testament to the quality of individuals who work for both of these companies. Both of the teams at Western Wireless and VoiceStream Wireless understand that the creation of shareholder value is best done by focusing on taking care of our customers." Based in Bellevue, Wash., Western Wireless Corp. is a leading provider of wireless communications services in the western United States. It currently offers cellular service marketed under the Cellular One(R) name in 17 western states. Based in Bellevue, Wash, VoiceStream Wireless Corp. provides PCS service using the globally dominant GSM technology in ten U.S. markets. In conjunction with joint ventures, VoiceStream Wireless provides service in three additional markets. CONTACT: Investment Community: Western Wireless Corporation Ken Prussing, 425/586-8072 ken.prussing@wwireless.com www.wwireless.com or Media: Snyder Buscher Group John Snyder, 206/652-9704 jsnyder@sbgir.com KEYWORD: WASHINGTON INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire Companies or Securities discussed in this article: Symbol Name NASDAQ:VSTR Voicestream Wireless Corp NASDAQ:WWCA Western Wireless'A' Fundamental information provided by Market Guide.