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To: Kumar who wrote (74448)	12/22/1999 6:02:00 PM
From: Elwood P. Dowd	Respond to of 97611

Microsoft CFO Maffei Resigns; Connors to Replace Him (Update1) (Adds details in 1st, 4th-5th paragraphs.) Redmond, Washington, Dec. 22 (Bloomberg) -- Microsoft Corp. said Chief Financial Officer Greg Maffei resigned to become Chief Executive of closely held Worldwide Fiber Inc., which is building a fiber-optic network across North America. Maffei wasn't immediately available to comment. John Connors was named to replace him. Connors, who has worked at Microsoft for more than 10 years, was the vice president of the company's enterprise group, where he oversaw sales, services and strategy for business customers. Maffei joined Microsoft in 1993 and was named chief financial officer in 1997. His duties included managing the company's strategic investments and cash portfolio. He sold Microsoft shares worth $13.8 million in December. Vancouver-based Worldwide Fiber is building a $1.3 billion, 18,000-mile fiber-optic cable system across North America, linking cities such as Vancouver, Toronto, New York and Los Angeles by the end of 2000. The company, a telecommunications subsidiary of Ledcor Industries Ltd., also plans an undersea cable between North America and the U.K. Microsoft earlier this year vetoed Maffei's move to run high- speed Internet access provider Road Runner, which is joint venture owned by Time Warner Inc., MediaOne Group Inc., Microsoft, Compaq Computer Corp. and the Newhouse family's Advance Publications. Maffei is also the chairman of Expedia Inc., an Internet travel site which Microsoft controls. --Greg Chang in the San Francisco newsroom (415) 912-2992/pkc