Winstar - Company Financial Information - Brief Article

CommunicationsWeek International, April 16, 2001

> Winstar, a leading competitive local exchange carrier (CLEC) based in New York, may file for bankruptcy protection, according to reports. Winstar is backed by blue-chip companies that include Microsoft and Compaq, and it has projected that it will break even later this year, but with more than $4 billion in debt and immediate cash shortages, Winstar recently had its Moody's credit rating downgraded to reflect an uncertain financial future.