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Technology Stocks : WCOM
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To: Imran who wrote (11156)7/5/2002 8:27:56 AM
From: JimieA  Read Replies (2) of 11568
 
MCITE should be trading a bit above WCOME since the following is expected to occur soon.

Per WCOM press release:
"On July 12, 2002, each outstanding share of MCI group common stock will be converted into 1.3594 shares of WorldCom group common stock"

Also, when (or if) WCOM files for bankruptcy then MCIT also is bankrupt. It is the same corporation, just trades as a tracking stock. It exists only on paper.
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