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To: VFD who wrote (4788)7/18/1999 11:14:00 AM
From: puborectalis  Respond to of 11568
 
Another communications company in the fund's top 10 is MCI
Worldcom. Ms. Sullivan especially likes the company's fast expansion in
data transmission, Internet and international business services. She said
those segments have been growing at 60 percent a year as the company
concentrates on giving corporate customers a wide range of "end-to-end
telecom services."

When Ms. Sullivan took over the fund, it had a small holding of
Worldcom stock, then trading in the mid-$20s. She gradually built up the
position. With a big boost from the acquisition of MCI Communications,
MCI Worldcom revenues grew to $17.67 billion in 1998 from $7.35
billion in 1997. The stock is now at $90.125, more than double its
52-week low of $39.



To: VFD who wrote (4788)7/18/1999 11:19:00 AM
From: puborectalis  Read Replies (1) | Respond to of 11568
 
EarthLink to sell high-speed Internet access
with MCI WorldCom

By Aimee Picchi
BLOOMBERG NEWS

EarthLink Network Inc., the No. 4 U.S. Internet service, will sell high-speed
Internet service using MCI WorldCom Inc.'s phone network, making it the first
Internet provider to offer the service nationwide.

EarthLink's high-speed Internet access service, which uses so-called digital
subscriber lines, or DSL, will be tested in the fall. It plans to offer DSL service,
which it expects will cost $40 to $60 a month, in major cities by the end of the
year.

EarthLink's plan for national DSL service puts it ahead of rivals such as
America Online Inc. and MindSpring Enterprises Inc., which currently have
alliances with phone companies to offer the service in just a few regions of the
U.S. EarthLink is betting that DSL service will be more popular than
competing high-speed Internet service that runs over cable-television lines,
such as that sold by Excite At Home Corp.

"Logic would say that of course they will sign up tons of subscribers, but we
don't really know the demand for DSL," said Youssef Squali, an analyst at
Ladenburg Thalmann & Co., who rates EarthLink a "buy."

DSL subscribers should increase to more than 4 million by 2003 from 25,000
in 1998, according to estimates from the Yankee Group, a technology
research company.

America Online, the No. 1 online service provider, has paired with Bell
Atlantic Corp. and SBC Communications Inc. to offer DSL in some states.

EarthLink fell 1 3/4 to 63 5/8 in midmorning trading.