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

To: Tom_ who wrote (5463)	12/2/1999 10:24:00 AM
From: Tom_	Read Replies (1) \| Respond to of 11568

Full Reuters story on Lehman... Thursday December 2, 9:29 am Eastern Time RESEARCH ALERT-MCI WorldCom revenue growth trimmed NEW YORK, Dec 2 (Reuters) - Lehman Brothers said on Thursday it trimmed its revenue forecast for the fourth quarter and 2000 for MCI WorldCom Inc. to reflect the company's ''continued aggressiveness in the voice market.'' -- said cut the fourth quarter revenue growth forecast to 15 percent from 16.1 percent and cut the 2000 growth forecast to 14.8 percent from 16.2 percent. -- said reiterated a buy rating on the stock and did not change its EBITDA (earnings before interest, taxes, depreciation and amortization) or earnings expectations since it expects MCI WorldCom to show stronger-than-expected cost synergies. -- said key to MCI WorldCom's growth are its data, international and Internet businesses, not its voice business. The fast-growing businesses are seen generating more than 70 percent of the company's growth in 1999 and almost 90 percent in 2000. -- shares of MCI WorldCom fell in heavy trading on Wednesday amid market rumors of slower-than-expected revenue growth. ~~~~~~~~ Best wishes,Tom