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

To: Sean Salisbury who wrote (5185)	10/5/1999 2:10:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

I think the bottom is somewhere in the mid to low 60's. There really isn't any support till $48-ish, where it broke out, but I don't expect it to fall that low.

To: Sean Salisbury who wrote (5185)	10/5/1999 2:10:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

France Telecom Comments On Sprint/MCI WorldCom Merger October 05, 1999 1:08 PM PARIS--(BUSINESS WIRE)--Oct. 5, 1999--France Telecom has taken note of MCI WorldCom's bid to merge with Sprint which has just been approved by their respective Boards of Directors. Based on the October 4th closing prices, the merger values France Telecom's investment in Sprint at about FF 56 billion (8.67 billion euros). The company's investment in Sprint totals approximately FF 10 billion (1.52 billion euros). France Telecom does not intend to remain a shareholder of the new entity and expects to dispose of its shares in an orderly manner in light of market conditions and applicable legal restrictions. France Telecom to pursue international strategy The disposal of this investment will help France Telecom to accelerate its international development. France Telecom's international strategy remains unchanged, and includes creating full-service operators throughout Europe, providing worldwide services for multinationals and investing selectively in emerging markets with high-growth potential. For the first half of 1999, France Telecom reported international revenues in excess of 1.4 billion euros. International activities should account for 13 to 14 % of total revenues at the end of 1999, against 2% in 1995. Continuity of global services Global One, France Telecom's joint venture with Sprint and Deutsche Telekom providing global services to multinationals, will have to undergo a change in its ownership structure given that its activities compete with those of MCI WorldCom. The discussions between Global One shareholders regarding the future of the joint venture, which were suspended during the negotiations regarding Sprint's ownership, can now reach a conclusion. Meanwhile, Global One will continue to ensure the provision of its services to its multinational customers, with the full support of France Telecom and the two other parent companies, in accordance with their commercial interests and contractual obligations. With operations in over 50 countries, and 24.6 billion euros in 1998 revenues, France Telecom is one of the world's leading telecom carriers. It provides consumers, businesses and carriers with a full range of innovative services, including data, wireless, multimedia, broadcast and cable TV, and local, long-distance and international telephony. France Telecom's Internet activities include access, portals, hosting, e-commerce and networks. France Telecom is listed on the Paris Bourse and the New York Stock Exchange (NYSE:FTE). CONTACT: France Telecom Press Office Tel: (33 1) 44 44 93 93 Fax: (33 1) 44 44 80 34 francetelecom.com