Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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Nov 12 3:59 PM EST

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To: William Hunt who wrote (26037)	5/18/2000 11:27:00 AM
From: Ann Janssen	Read Replies (1) of 27012

Bill, I think you have WCOM (like me). I don't get the Journal and I didn't see this anywhere else but Thought you may be interested. Have a great day!! Take Care Ann usatoday.com Telecom merger reportedly opposed NEW YORK - Federal antitrust enforcers have recommended blocking WorldCom's $115 billion buyout of Sprint because it would violate antitrust law, The Wall Street Journal reported today. The recommendation was forwarded to the Justice Department's antitrust chief, Joel Klein, following a six-month investigation, the newspaper reported, citing sources close to the review. Klein is not bound by the recommendation and could approve the deal if the companies agree to divestitures to protect competition. The deal would create a telecommunications giant with revenue of more than $50 billion, making it one of the world's largest companies with operations in 65 countries. Justice Department staff reportedly are against the deal because it would combine the second- and third-largest long-distance carriers and because the companies would dominate Internet switching services. The deal is also under review by the Federal Communications Commission and the European Commission, which last month warned of antitrust problems.

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