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Technology Stocks : MCI Communications (MCIC)

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Dec 31 12:07 PM EST

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To: paul t who wrote (1661)	7/29/1998 1:12:00 PM
From: Milkman	Read Replies (1) of 1692

Paul, A couple very interesting articles. Everyone seems to have an agenda don't they. To get a bit more perspective on the CWA check out this link. www3.cwa-union.org The CWA is just pissed off at the proliferation of non-union shops. The days of "The Jungle" are over. They say: But the picture for MCI employees, stockholders and consumers is much bleaker. MCI already has announced some 1,500 job cuts and has filed financial reports indicating that perhaps as many as 4,000 jobs could be lost, the report noted. And because MCI employees have no union representation, severance packages for average workers are meager. I say: <<The workers getting laid off are the average workers and not the above average workers that every company should try to keep anyway. The severance packages that I have heard of were two weeks pay lump and then two weeks for every year of service paid out in two week increments. In this job market that should be more than enough to allow any competent worker to get another job>> They say: The business plan filed by MCI and WorldCom demonstrates the merged company's intent to focus on business customers, despite public statements of WorldCom officials. An analysis by CWA found that the savings promised by MCI and WorldCom "can only be realized by a shift in business focus, away from the high costs of marketing, provisioning, billing and providing customer service to a mass market." I say: <<DUHH! MCI has been public about it's focus on the higher margin business customer for many years now. This does not mean they will turn away residential customers or that the residential customers won't have other options. Why are the RBOCs so interested in getting into the long distance business and what is the likelihood that they will focus on the residential or the business market??>> Does anyone know where to get details for the timing of the review by the four outstanding states? Regards, Milkman

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