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To: Joe Veres who wrote (4807)	7/28/1999 1:57:00 PM
From: TraderEd	Read Replies (1) \| Respond to of 11568

OT, Is anyone besides me experiencing a slow down in your navigation of SI?

To: Joe Veres who wrote (4807)	7/29/1999 8:44:00 AM
From: Anthony Wong	Read Replies (2) \| Respond to of 11568

MCI WorldCom 2nd-Qtr Profit Triples on Savings, Internet Sales Bloomberg News July 29, 1999, 8:22 a.m. ET MCI WorldCom 2nd-Qtr Profit Triples on Savings, Internet Sales Clinton, Mississippi, July 29 (Bloomberg) -- MCI WorldCom Inc., the No. 2 U.S. long-distance phone company, said second- quarter earnings almost tripled on surging sales of Internet and international services and cost savings from acquisitions. Net income rose to $857 million, or 44 cents a share, from a pro forma $287 million, or 16 cents, a year earlier. The company was expected to earn 44 cents, the average estimate of analysts surveyed by First Call Corp. Estimates ranged from 42 cents to 46 cents. Sales rose 16 percent to $8.1 billion from $7 billion. MCI WorldCom is benefiting from early investments in the Internet, as well as local and international markets, helping it outpace sales gains at rivals AT&T Corp. and Sprint Corp. ``They have the lead, and they're extending it,' said Michael Funsch, an analyst at Independence Investment Associates in Boston, which owns about 6.85 million MCI WorldCom shares. By comparison, AT&T earlier today reported a 6.7 percent gain in second-quarter sales. MCI WorldCom's results exclude operations from Brazil's Embratel Participacoes SA, in which MCI WorldCom owns a controlling stake. Internet, international and data services accounted for 76 percent of the company's revenue growth. Some analysts and investors were concerned the company would suffer from falling prices for wholesale voice services to other phone companies. Last month, No. 5 long-distance provider Frontier Corp. warned it won't meet expectations for second- quarter and 1999 earnings because of lower prices for long- distance services. ``The wholesale business has become a small enough piece of the overall pie that it's not in a position to derail the company,' said Tod Jacobs, an analyst at Sanford C. Bernstein & Co., who has an ``outperform' rating on the company.