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

To: Yacht Trash who wrote (4821)	7/30/1999 8:42:00 AM
From: Craig A	Respond to of 11568

Garry <but times are ominous> Frome briefing.com this AM 'Deliver pedestrian earnings report when your stock trades at high multiples and the reaction isn't likely to be good... WCOM discovered that yesterday, as in line earnings of $0.44 and 10.4% revenue growth excited only the most loyal of investors... Stock likely to test 80-78 region over next couple of weeks. ' FWIW Craig

To: Yacht Trash who wrote (4821)	7/30/1999 9:19:00 AM
From: Anthony Wong	Respond to of 11568

Garry, get back in if and when WCOM drops to $78-80! That would be a good level to start accumulating. Seriously, I don't think WCOM is going anywhere; would probably be in a trading range until this "wireless strategy" issue is resolved. As per the article posted by Robert at #reply-10710253, each and everyone sees fit to tell Bernie/WCOM what to buy in wireless. If that's the perception on the Street (that they are somewhat lacking if they don't go into wireless), we won't see a P/E expansion in WCOM anytime soon. Yesterday, Chuck Clough of Merrill Lynch made a call for the wireless sector, specifically NXTL and PCS (reiterates 1-1 rating), saying that the US wireless industry appeared to be on the threshold of an acceleration of growth. In several articles, WCOM management (Ebbers, Sidgmore) had been quoted as saying that they would probably buy a wireless company in the next two years, by which time all their likely acquisition candidates would probably have appreciated another 100% in their share prices. I guess you'll be back in "sailing and lurk mode". Enjoy, and don't lurk too long. Best regards. Anthony