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To: Mr. Big who wrote (98818)9/22/1999 8:46:00 PM
From: Frost Byte  Respond to of 119973
 
FCLX NEWS JUST OUT -

-- DJ Peru FirstCom Unit To Start Outgoing Long-Distance Calls --

LIMA (Dow Jones)--FirstCom Peru, a subsidiary of FirstCom Corp (FCLX), will
offer outgoing long-distance telephone calls from Peru in mid-October, rounding
out its long-distance service, the company's general manager, Jose Gandullia,
said Wednesday.
"We will finish the interconnection with Telefonica this week and start
testing in order to provide complete long-distance service about Oct. 10 to 15,"
FirstCom Peru's Gandullia said.
A regulation issued Wednesday in El Peruano, Peru's official gazette, set out
the inter-connection rules for FirstCom and Telefonica del Peru (TDP).
In July, Osiptel, the state agency that supervises the telecommunication
sector, ordered a "provisional" interconnection between the two companies.
Since then, FirstCom Peru has been offering partial long-distance service,
allowing income foreign telephone calls only.
The long-distance market in Peru was officially opened to competition in
August, 1998.
Only Telefonica currently offers full service long-distance services. Spain's
Telefonica (TEF) holds a controlling interest in Telefonica del Peru.



To: Mr. Big who wrote (98818)9/22/1999 10:35:00 PM
From: Ron  Respond to of 119973
 
Lookee here:
Merrill Lynch & Co. Introduces Internet Stock Basket Security
New York, Sept. 22 (Bloomberg) -- Merrill Lynch & Co., the biggest U.S.
brokerage, introduced a security that allows investors to own a basket of 20
Internet stocks.

The firm today sold 3.77 million of the shares, known as Internet Holdrs, for
more than $400 million through its broker network. ``The Holdrs
investment platform is designed to provide investors with a flexible,
cost-effective way to diversify their investment in a particular industry
through a single, exchange- listed security,' said Steve Bodurtha, director of
Merrill Lynch's customized investments group.

The most heavily weighted company in the new security is American Online
Inc., the No. Internet service provider, which comprises about 20 percent. At
Home Corp., Yahoo Inc. and E*Trade Group Inc. together account for about
40 percent.

The security represents ownership of all the underlying shares. Merrill will
allow investors to trade Holdrs shares for the underlying stocks, enabling
investors to sell all or part of their holdings.

The security will start trading tomorrow on the American Stock Exchange
under the ticker ``HHH.'

Other stocks that make up the underlying shares are: Amazon.com Inc., eBay
Inc., Priceline.Com Inc., CMGI Inc., Inktomi Corp., RealNetworks Inc.,
Exodus Communications Inc., DoubleClick Inc., Ameritrade Holding Corp.,
Lycos Inc., Cnet Inc., PSINet Inc., Network Associates Inc., EarthLink
Network Inc., MindSpring Enterprises Inc. and Go2Net Inc.
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.
Did we notice a pattern in these stocks today????? :)