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Private investment company Oak Point
Partners acquired the remnant assets, consisting of any known and unknown assets that weren't previously administered, from the Winstar Communications, Inc., et al., Bankruptcy Estates on January 19, 2011.
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services to business customers. Winstar owned and operated a broadband network in 60 major markets in the United States, including each of the top 30 U.S. markets and ten markets internationally in Europe, Asia, and Latin
America.
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Winstar stock soared by over 600% between 1996 and 2000 as revenue grew from $ 2.7 million in 1995 to over $ 445 million in 1999. The company also received positive research reports from analysts, such as
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in April 2001. The company previously laid of nearly half its work force the same month. The
Chapter 11 (reorganization) cases were converted into Chapter 7 (liquidation) cases on January 24, 2002.
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The company was founded in 1993 as a reseller of long-distance service. After winning auctions for radio spectrum, the firm became a
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in excess of $ 4.4 billion and revenues of $ 445.6 million for the year ended
December 31, 1999.
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of the late 1990s. At its peak in 2000, less than a year before its collapse, the company had a
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Fox Lorber Home Video's official ident reports "WinStar". Unclear where "Winstar" comes from.
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Despite its growth, Winstar was unable to generate enough sales to cover debts from massive
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291:"Winstar Communications, Inc.: Financial Restructuring in the Telecommunications Industry"
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Order
Approving the Sale of Certain Assets of the Debtors’ Estates to Oak Point Partners
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required to build out its infrastructure. Among its creditors were a number of banks and
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under the symbol "WCII". In the mid-1990s, Winstar acquired Fox Lorber Home Video.
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Winstar
Communications - SEC Form 10-K for Year Ended December 31, 1999
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investors as well as other large telecommunications players, including
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Fixed
Wireless Systems Gaining Credibility as Phone, Web Links
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that had offered the company significant vendor financing.
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Defunct telecommunications companies of the United States
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150:bought out Fox Lorber after Winstar was shuttered.
289:Mello, Antonio S.; Rawson, Michael W. (May 2003).
328:Lucent Fined $ 25 Million By S.E.C. In Fraud Case
410:Telecommunications companies established in 1993
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162:and began selling wireless broadband service.
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420:Technology companies disestablished in 2001
316:Winstar Files for Bankruptcy, Blames Lucent
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265:Assessing a Big Fish In a Fast-Growing Pond
279:, Wall Street Journal, September 30, 2002
343:THE ASSOCIATED PRESS (April 18, 2001).
415:American companies established in 1993
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127:Winstar was a notable example of the
16:American telecommunications company
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160:Competitive Local Exchange Carrier
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210:Chapter 11 bankruptcy protection
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330:. New York Times, May 18, 2004
267:. New York Times, June 13, 1999
345:"Winstar Files for Bankruptcy"
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165:In 1994, Winstar completed an
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129:internet and telecom bubbles
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359:– via hive4media.com.
146:in the mid-1990s. In 2001,
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318:. Reuters, April 19, 2001
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277:The Real Telecom Scandal
169:, listing its stock on
167:initial public offering
181:, contributing to the
119:company that provided
113:WinStar Communications
109:Winstar Communications
92:$ 445.6 million (1999)
20:Winstar Communications
386:Bankrupt Company News
140:Fox Lorber Home Video
133:market capitalization
195:capital expenditures
138:Winstar also bought
73:Chapter 7 Bankruptcy
388:, February 18, 2011
372:. December 4, 2007
98:Number of employees
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208:Winstar filed for
117:telecommunications
115:) was an American
83:New York, New York
46:Telecommunications
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183:Global settlement
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347:. Archived from
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71:Liquidation via
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351:on May 14, 2001
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199:high yield bond
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148:Genius Products
111:(at some point
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353:. Retrieved
349:the original
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179:Jack Grubman
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102:3,900 (1999)
79:Headquarters
34:Company type
255:. LA Times
399:Categories
355:August 25,
220:References
189:Bankruptcy
144:New Video
121:broadband
42:Industry
154:History
89:Revenue
60:Defunct
52:Founded
37:Defunct
203:Lucent
171:Nasdaq
142:from
357:2019
306:SSRN
68:Fate
63:2001
55:1993
401::
384:,
335:^
185:.
293:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
