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


To: Greg Keeler who wrote (4854)8/9/1999 5:09:00 PM
From: JM  Read Replies (4) | Respond to of 11568
 
Does anyone else feel that this is a tremendous opportunity to buy the stock? WCOM is now 20% off of its high of 96+ for reasons other than fundamental. Worries of a lack of wireless and stagnating long distance revenues hardly seem enough to derail the stock by this much. It is probably a safe bet that all communications companies will at some point suffer a network outage, wcom is no different. This temporary bad news seems to be creating an opportunity.

Are there fundamental reasons for the pullback that I am not seeing here?