Short Interest Up 2%
According to Monday's IBD, short interest in WCOM increased 2% as of 12-15-98, increasing from 34.6 million to 35.4 million.
Also in IBD, in a story entitled " Year of a Telecom Merger..", Worldcom is mentioned as a potential buyer of several companies, including US West (interested in its fiber optic network), Winstar (in order to expand in local markets), and Teligent (in order to acquire wireless links in local markets).
Personally, I hope they go after WCII since I have a nice position in that fixed wireless company.
regards,
mazman
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