Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: David Klein who wrote (4816)	7/29/1999 10:20:00 AM
From: George Burke	Respond to of 11568

So earnings were in line at .44 or a penny over at .45? There's some confusion here since one report I read added Embratel to get .45, but Anthony's Bloomberg report above indicates the "true" number is without Embratel at .44. Even though the company does manage earnings in a tight range, I still don't think in line cuts it in this market, and stand by my earlier comment that the earlier "leak" about voice revenues was managed by the company to hold expectations in check--a smart move IMO. Considering the state of the market today, stock is not selling off hardly at all, however, so the Street probably likes the rise in 'net related revenues. However, I doubt these numbers are going to move the stock, so we will probably continue to "build a base" in the '80s subject to overall market conditions. As far as general revenue decline goes, I would view this as a tough quarter from a transition point of view--voice revenues falling while internet related numbers are not yet at their peak. Since I expect the latter to rise faster than the former fall, I'm not worried--yet.

To: David Klein who wrote (4816)	7/29/1999 9:31:00 PM
From: Anthony Wong	Respond to of 11568

David, a Bloomberg update mentioned revenue growth in 3rd quarter: On a conference call, MCI WorldCom Chief Financial Officer Scott Sullivan said the company see revenue growth accelerating 0.3 to 0.4 percentage points in the third quarter from the recent quarter's pace. MCI WorldCom expects to meet revenue and earnings estimates for the year, he said. The company is expected to earn $1.97 a share this year, the average estimate of analysts surveyed by First Call. Estimates range from $1.90 to $2.