Hi, Just reading the last FORM 10-Q Financial Statement. WorldCom is there largest commitment stated. The agreement is for two-years with minimum usage commitment of $55,000,000 from May 1 1998 and extends through April 30, 2000... There is also an agreement with MFS/WorldCom's services of Frankfurt, Germany, to use the Fiber-Optic Network in it's delivery of telecommunications services. This agreement began on Sept. 5, 1997 on July 28 1998, the Company and MRS/WorldCom agreed to an extension of the term of this agreement to June 30, 1999.
In the past there was an agreement with Sprint Communications Company L.P. to provied fiber-optic network service in delivery of telecommunications services. It was from ans through Dec. 1998 yet there is statement of an extension of that agreement, Makes me think that Sprint was droped and they now do business with
MCI/WorldCom... IMO. this would be a hint as to the direction the company may look if there was a buyout. Would it now be in the intrest of the company, investors, and the new owners (if there was a buyout) to pay up and make everyone very pleased with the offering? See IMO. you would not wish to file chapter 11, and take ownership as the bad would over take any good in that move. Any new owner would loose all the "Good Will" in such a consideration.
Wichever is best for the stockholder IMVHO. Would be the best deal.
Regards,
Jim... |
