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

To: Anthony Wong who wrote (4820)	7/29/1999 10:14:00 PM
From: Yacht Trash	Read Replies (2) \| Respond to of 11568

Hi Anthony, Garry here, just scanning the posts and making sure you have not gone on vacation or some nonsense <LOL> Thank goodness that this is (mostly info only thread) without all the BS! You know my stance on things but I was moved to scan the WCOM thread to see if you might have drifted off at the wheel <LOL> From my perspective, you are doing a fine job and the thread should give you a raise for your dilligence! I, on the other hand must go back to sailing and lurk mode. Best to you and keep up the good work! You are a true gentleman and I hope to meet you and yours on the WA WA somewhere & someday. My nieces terms! <G> Sorry, I forgot to do the obligitory "OT" thingy. So sue me, threadsters! See ya at the finish line, Anthony and as always.....Best regards to you and other WCOM investors. It is truely a magnificent Co. but times are ominous, IMHO! Regards....Garry

To: Anthony Wong who wrote (4820)	7/30/1999 8:32:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

MCI WorldCom to offer Net services in Singapore By Bloomberg News Special to CNET NEWS.COM July 30, 1999, 7:20 a.m. ET MCI WorldCom has won regulatory approval to provide Internet exchange services in Singapore, breaking a monopoly held by Singapore Telecommunications, the island state's dominant telephone company. MCI WorldCom said it plans to offer the Internet services through its wholly owned unit UUNet Technologies. The company also intends to eventually offer standard Internet services and fixed-line phone links in the city-state. The U.S.-based telecommunication company's plans for Singapore are part of a wider push into Southeast Asia, said Marc Sheldon, managing director of UUNet Asia Pacific. "We're going in here big time, and a large portion of our investment is going into this region," Sheldon said. "If you look at the proportional investment per revenue dollar [against the United States and Europe], it will outweigh everything else by a factor of three.'' The thrust comes as Singapore opens its telecommunications market to increased foreign competition. UUNet expects to start operations in the island nation by October, Sheldon said. Internet exchange services are sold to Internet service providers, which in turn give online users access to Web sites in other parts of the world. The Singapore license opens the door for UUNet to sell more services to the corporate and wholesale Internet service providers in the region. Singapore The new license isn't MCI WorldCom's first foray in Singapore. More than a year ago, the company lost a bid for a fixed-phone line license. In March 1998, the company opened its Singapore operations center to provide high-speed data, voice and Internet services. UUNet is the first foreign company to receive the Internet exchange license from the government, ending a monopoly held by SingTel, a government-controlled phone company. The Telecommunications Authority of Singapore awarded the license. For MCI WorldCom, the license fits into its plans to invest $6.5 billion this year to expand the company. Sheldon declined to say how much the company will invest in Singapore. "We invest money into the highest growth opportunities, and this year, an expected 40 percent of revenue growth will be coming out of Internet," Sheldon said. Asia-Pacific Sheldon also said that the Asia-Pacific will be the focus of MCI WorldCom's expansion this year. Japan is the biggest Internet market in Asia, followed by Hong Kong. Singapore's contribution to sales is expected to match Hong Kong in two to three years. The Internet has been a key driver of MCI WorldCom's sales. Yesterday, the Mississippi-based company said second-quarter profit almost tripled on surging sales of Internet and international services, and cost savings from acquisitions. Internet sales in the second quarter rose 59 percent to $836 million and accounted for 10 percent of MCI's total revenue. Net income rose to $857 million, or 44 cents a share, from a pro-forma $287 million, or 16 cents, a year ago. Sales rose 16 percent to $8.1 billion from $7 billion. The Singapore government last month said that it will open up its Internet exchange services to extend the provision of Internet access from the island to global players, to further strengthen its efforts to emerge as Asia's Internet hub. The government also said last October it's offering an unlimited number of licenses for Internet service providers.