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Technology Stocks : Williams Communications Group - WCG -- Ignore unavailable to you. Want to Upgrade?

To: Scott Moore who wrote (229)	12/9/1999 7:59:00 PM
From: Shel10	Read Replies (1) \| Respond to of 609

Scott, I agree with your assessment. Demand will outstrip supply. As more individuals go online to the internet, and voice changes from an analog service to a digital service, there won't be enough fiber available to handle the demand. All we see in the Press is the "gee whiz" factor. How much bandwidth a single strand of fiber can accommodate. It is, theoretically, without limit. but these descriptions assume that demand over time is stable. Biggest challenge that carriers will face is the number of home users trying to download movies via the internet, combined with digital voice traffic, at 7 PM on Friday night. They will need multiple paths between switches. No one in the industry is forecasting demand for individual user services, they are focused on business use of communications networks. It's easier to forecast. Williams is not a glamor stock, it's a long term hold, and it's solid. Shel10

To: Scott Moore who wrote (229)	12/9/1999 9:53:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 609

I, too, am a long term holder. For those who don't know the company well, the following IPO press release explains how small the float is: >>>>> October 1, 1999 Williams Communications Shares Begin Trading on NYSE TULSA, Okla. - Williams Communications Group, Inc. (NYSE:WCG), a subsidiary of Williams (NYSE:WMB), today announced an initial public offering of 29,600,000 shares of common stock at a price of $23 per share. The company anticipates the stock to begin trading today on the New York Stock Exchange under the symbol WCG. Salomon Smith Barney Inc., Lehman Brothers Inc. and Merrill Lynch & Co. are managing Williams Communications' initial public offering. Williams Communications has granted the underwriters a 30-day option to purchase up to 4,440,000 additional shares of common stock to cover over-allotments, if any. Williams is retaining approximately 86 percent ownership of its communications business. The initial public offering represents approximately seven percent of WCG common stock. An additional seven percent is being sold through private placements to SBC Communications, Intel Corporation and Telefonos de Mexico, S.A. de C.V. (TELMEX). >>>>>