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

To: JDN who wrote (4984)	8/31/1999 10:56:00 AM
From: PDL	Read Replies (1) \| Respond to of 11568

I would suggest going back and looking at Jack Grubman's research report (posted yesterday -- published last Friday). In sum he said it would be a one-time non-recurring charge costing in the "tens of $ millions" range but probably off-set by some one-time gains. The outage is certainly a major black mark on MCI-Worldcom -- they handled it atrociously. It could come back to bite them in terms of lost customers as well as some potential litigation. But the "final cost" should have virtually no bearing on their reported earnings, momentum, growth or growth prospects which are the primary underpinnings for Mr. Grubman's "this is a must-own growth company... don't blame me if you miss this buying opportunity." I'm sure I've taken some liberties with the Grubman piece, so please review it for yourself.