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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Kona who wrote (12134)	7/15/1998 2:37:00 PM
From: BI*RI	Read Replies (1) of 42787

MCIC sold their internet business to Cable and Wireless. Disposal was a requirement to clear the way for WCOM/MCIC merger approval by Feds. That's why they are both up. "As a group, Internet stocks did not fare well Wednesday morning, with most names in the sector posting declines. Exceptions were MCI Communications Corp (MCIC - news), which rose 1-3/4 to 66-1/16, and WorldCom Inc (WCOM - news), which gained 1-1/2 to 54-1/4 as investors awaited formal word of a rumored deal to sell MCI's Internet assets to Britain's Cable & Wireless Plc (quote from Yahoo! UK & Ireland: CW.L)." biz.yahoo.com

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