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Technology Stocks : WCOM
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To: Mazman who wrote (2991)7/23/1998 12:41:00 PM
From: P.T.Burnem  Read Replies (4) of 11568
 

She expects WorldCom's Internet sales to grow to $2 billion in '98, up from $566 million last year.
...
U.K.-based C&W is buying MCI's Internet backbone and retail operations for about $1.8 billion in cash.
...
MCI's Internet business was expected to do about $375 million in sales this year. It has about 1,300 Internet-service-provider customers worldwide.
...

Given that C&W just agreed yo pay about five times sales for the MCIC internet business, WCOM's with its $2B/year in revenues should worth $10B or less. The market cap is $58B... WOW!

And even with MCI, WorldCom still has a hole in its product portfolio: a wireless network. AT&T Corp. and Sprint Corp. are betting that more people will soon use cell phones full time, says Kevin Moore, a Baltimore-based analyst at BT Alex. Brown Inc.

WCOM has neither wireless nor last mile properties.

PTB


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