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Technology Stocks : WCOM
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To: Anthony Wong who wrote (2716)6/23/1998 5:29:00 PM
From: MGV  Read Replies (1) of 11568
 
The lack of disclosure regarding the precise substance of the EC/DOJ driven divestment of MCI assets represents uncertainty. We all know the market is uncomfortable with uncertainty. This is what is keeping both MCI and WCOM from moving up faster than they are. The article that AW posted suggests that analysts are representing that whatever it is, it wont hurt the combined WCOM/MCI. Nonetheless, until the deal is disclosed, the uncertainty puts somewhat of a lid on the share prices. I agree with AW, to the extent the deal becomes clear on 7/8/98, speculative excess : ) will have to wait.
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