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To: SteveG who wrote (5138)	10/4/1999 2:45:00 PM
From: Anthony Wong	Respond to of 11568

Prudential report, from Yahoo! Nextel thread: post.messages.yahoo.com

To: SteveG who wrote (5138)	10/4/1999 2:49:00 PM
From: Anthony Wong	Respond to of 11568

American Express's Fleming on Possible Sprint Purchase: Comment 10/4/99 1:56:00 PM Source: Bloomberg News Minneapolis, Oct. 4 (Bloomberg) -- Bern Fleming, portfolio manager of the American Express Utilities Income Fund, on the competing offers for Sprint Corp. by BellSouth Corp. and MCI WorldCom Inc. Fleming's holdings include about a million shares of both MCI WorldCom and BellSouth, and 400,000 shares of Sprint's PCS wireless unit. ''From a business standpoint, I think WorldCom can probably make a cleaner case (than BellSouth).'' That's because BellSouth isn't allowed to offer long-distance service and probably won't be able to for some time, he said. Sprint has wireless and wireline properties within BellSouth's territory, he said, raising issues about competition. A transaction also ''isn't going to do BellSouth's stock a whole lot of good either, it would be dilutive to earnings for a good period of time.'' ''It just would appear to be less troublesome from the regulatory angle for WorldCom to do the deal. If I were Sprint, I'd probably lean toward WorldCom.'' ''There's a time value here too, of course. Who could close sooner, BellSouth or WorldCom? If the prices were equal, looking at the time factor involved and the property issue, I'd probably lean towards WorldCom.'' cnetinvestor.com