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Technology Stocks : MCI Communications (MCIC)

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Jan 13 12:10 PM EST

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To: PDL who wrote (1641)	6/26/1998 9:45:00 PM
From: wonk	Read Replies (1) of 1692

June 22, 1972 (NASDAQ) ...The initial public offering was fully subscribed. Blyth sold 3.3 million shares at $10 per share. providing MCI with just over $30 million and a valuation of over $120 million. Only COMSAT, a telecommunications company with significant congressional, governmental, and AT&T backing had been able to raise as much money so quickly in the developmental stages. And only COMSAT rivaled the $100 million plus value that investors had accorded the emerging venture company that had neither earnings or cash flow.... The History of MCI: The Early Years. Philip L. Cantelon. 1993 Heritage Press. Dallas. Page 122

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