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Technology Stocks : The New Qualcomm - a S&P500 company

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Dec 3 3:59 PM EST

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To: Ramsey Su who wrote ()	6/21/2000 9:41:00 AM
From: Ruffian	Read Replies (1) of 13582

EU will "not necessarily" block WorldCom/Sprint BRUSSELS, June 21 (Reuters) - The European Commission still has antitrust problems with the proposed $115 billion merger of WorldCom Inc (NasdaqNM:WCOM - news) and Sprint Corp (NYSE:FON - news) but has not made a final decision to block it, an EU source said on Wednesday. Asked if the deal would be blocked by the EU's antitrust watchdog, an EU source close to the case said: ``Not necessarily. But we do have problems.'' Media reports on Wednesday suggested the Commission had already decided to block the merger next month, on concerns the new group would control too much of the Internet. Industry sources with knowledge of the deal said it was not too late for the companies to work out some kind of arrangement with regulators on either side of the Atlantic. ``They think they can still cut a deal with the (U.S.) Department of Justice, and therefore avert problems in the EU. All hope is not lost in the EU,'' an industry source said.

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