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To: William Hunt who wrote (26248)6/27/2000 1:57:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Hello Bill. I am back home for a cpl of weeks. You must have felt lonely on this thread. gg. Sheesh. I guess the thread is dead.

Anyhow. Thanks for posting the articles.

I guess you heard today the story on WCOM and Sprint. I got this off the net last night.

dailynews.yahoo.com

After reading that article, I saw the handwriting on the wall. When foreign entities are happy with our Justice Department putting the whammy on our cos., we are in trouble. This guy Monti seemed to know what was coming after talking to J. Klein. Today we have the results. Joel Klein strikes again. gg. It is helping WCOM at this time. But I can't understand why the DOJ is not happy unless lots of our cos. are being gobbled up by foreign cos. I have not seen this kind of scrutiny when foreign firms make bids for our businesses. Not counting airlines, can you think of one merter that got nixed when a foreign firm was the bidder? European tel.cos. are buying all over and now it seems DT is interested in Sprint or WCOM. They already own 10% of Sprint. I guess no competition worries when Germany's No.1 tel.com and our No.2 or No.3 tel com get together. I guess we will see. WCOM had even offered to divest their long distance business and Sprint all their internet presence. What was left to sell that would have made WCOM and Sprint NOT anti competitive in todays tel com environment? I guess I don't get it. WCOM was mostly interested in the wireless business of Sprint in which area they had no presence. Talk today is that Sprint or WCOM may most likely be approached by a European company.
I also heard this morning on CNBC that a lot of deals may now wait until later in the year. We could wonder why that may be so gg but CNBC said it: Business will probably wait and see if J.Klein will lose his job. Yes. A Bush administration.

About this oil stuff. I heard that oil coming out of OPEC is 7$ a barrel. A cpl of $ at the refineries and the rest is added on down the food line including profits for the oil cos. and taxes. Profits for oil cos. are supposedly up about 4 times at this time. One oil guy was on the tube yesterday and said that oil cos. had made no money in prev. times.

I guess they are making up for it now.

This is really a very mixed market today. Some analysts are saying we should buy the proven cos., whatever that means, and others are sticking with tech. Whatever the case, we should know which way the market will break out after the FED meeting. Guess what? Right now the TA guys are saying: It will either break out to the upside or to the downside. Oh well, I am sure they are right. gg.

Here is a new article on WCOM'Sprint. Maybe the deal is not dead yet or WCOM will just go for Sprint's wireless business.

dailynews.yahoo.com

Maybe WCOM had just talked about divesting their long distance business and not put it forward to the EU after listening to Monti's statements. Maybe they felt nothing would satisfy those guys short of selling their UUNET. And if they dad done that, I would have sold my WCOM.

Sonny



To: William Hunt who wrote (26248)6/27/2000 2:20:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Bill. If you read my prev. post within the last cpl of minutes, you may want to read it again. I added a cpl of things.

Gosh. We are so lucky to have this real smart Richardson as the head of our energy department. He thinks gasoline is still to high after it dropped over 2 cents in some places.

dailynews.yahoo.com

What did Dem. Sen. Byrd say after this Los Alamos situation? Mr. R. will NEVER be approved by the Senate for another GVT job? (Or something like that) Well, and this comes from one of his own. I guess even his friends are losing patience. Los Alamos and Energy is headed by Richardson but I am pretty sure he is not making all those decisions by his lonely self.

Something diff. Remake of Home Alone? gg.

dailynews.yahoo.com

WCOM/Sprint.

dailynews.yahoo.com

DT. Clear intention to go to the US. What else is new. Everybody is doing it.

dailynews.yahoo.com

biz.yahoo.com

Sonny



To: William Hunt who wrote (26248)6/27/2000 2:52:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Todays top tech picks according to CNET.

cnetinvestor.com

How to spot a troubled market? No wonder I can/t do it. I never owned a Porsche. gg.

cbs.marketwatch.com

FED meeting.

dailynews.yahoo.com