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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Kenya AA who wrote (2585)	6/30/1999 11:29:00 AM
From: Night Writer	Read Replies (1) \| Respond to of 12662

K, I grabbed the money and ran on PFE. Looking at WCOM. It is down today on some news. Think it might rebound. What do think. NW

To: Kenya AA who wrote (2585)	6/30/1999 11:39:00 AM
From: Night Writer	Respond to of 12662

K, This falls into buying the news, and selling the rebound. The Justice Department moves slow on these things. I think the stock should rebound long before any investigative results. NW U.S. Justice looking into undersea cable industry WASHINGTON, June 30 (Reuters) - The U.S. government is investigating the undersea cable industry for possible anti-competitive practices, a Justice Department spokeswoman said on Wednesday. "The antitrust division is looking at the possibility of anti-competitive practices in the international undersea cable industry," said Justice Department spokeswoman Gina Talamona. Global Crossing Ltd. <GBLX.O> has complained of trouble getting customers for an undersea cable project designed to compete with another cable now under construction between the United States and Japan. The Wall Street Journal, which first reported the story, said that the Justice Department investigation could lead to significant changes in the way that companies sell voice and data-transmission services around the world. The investigation is focusing on a trans-Pacific consortium of more than 30 members that is building a $1.2 billion undersea cable between the U.S. and Japan, the Journal reported. The companies involved in that project include Sprint Corp. <FON.N>, Level 3 Communications Inc. <LVLT.O>, AT&T <T.N>, MCI WorldCom <WCOM.O>, and three of Japan's biggest telephone companies, the paper said. REUTERS