WCOM Message Board - Msg: 13244381

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Technology Stocks : WCOM

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To: zyx1996 who wrote (6018)	3/20/2000 7:27:00 PM
From: MGV	Read Replies (2) of 11568

WCOM was weak before the FON deal. It began weakening in January 1999 when Vodaphone took out Airtouch. The thinking was that wireless infrastructure capacity was a must have going forward and that the remaining wireless assets in the US had become a kind of musical chairs. WCOM responded by looking hard at Nextel. That didnt work out and WCOM continued weak. Then July came and Dan Reingold lowered numbers because of what he suggested was faster than previously expected declines in LD Voice revenue. WCOM fell more. It was only after all of this weakness that WCOM agreed to buy FON. By October/November WCOM was almost back to old highs. Look back and see if it didnt happen just as I wrote. According to the street, WCOM is between a rock and a hard spot on wireless asset issue. If the FON deal unravels, WCOM will be where it was last July - weak with concerns that it needs to buy wireless assets and will have to buy at a high price. I like WCOM but it matters more what the market likes over the near term as a determinant where WCOM's price will go. I hope none of us have to see this but - mark my words - if the deal were to unravel without WCOM having wireless assets as part of the unravelling, WCOM stock would not go up on the news.

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