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

To: Scott Moore who wrote (282)	12/23/1999 1:35:00 AM
From: Bernard Levy	Respond to of 609

I am in WMB and not in WCG (because it seems to me both the telecom and energy components are very attractive), but I think it would be a terrible mistake for Williams the parent to spin off the Communications component in order to fully realize the value of the energy company. Sure, they would realize value in the short term, but they would also be removing the high growth component of the company. The pairing energy/communications is in fact terrific, since the energy part generates sizable cash which can be put efficiently to work on the communications side. I don't understand why William keeps paying a dividend when the telecom side could probably use the cash-- I guess it is to keep the utility investors types happy, but this does not make sense.