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Technology Stocks : WCOM
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To: Lizzie Tudor who wrote (10579)6/11/2002 2:15:46 AM
From: tejek  Read Replies (1) of 11568
 
it appeared on briefing earlier today-

4:18PM AXA reports 10.9% stake in WorldCom (AXA) 18.65 -0.25: Hearing from traders citing Dow Jones that company has declared a 10.9% stake in WorldCom .

What's most interesting about this share position is the businesses that the holder, AXA, is in......finance and insurance. They are two of the most conservative businesses in the corporate world.

Of course, its a French firm and it could be they don't comprehend English all that well, and WCOM managed to get the BK world by them without them understanding. <g>

But, n any case, the situation certainly grows more interesting and more attractive in my opinion.

ted
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