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Pastimes : Things That Annoy Me -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (3757)	10/5/2000 1:33:35 AM
From: Wigglesworth	Read Replies (1) \| Respond to of 4023

When your broker calls the CEO of a company in your portfolio and then you with the same message! WASHINGTON--Bernard Ebbers, president and chief executive of WorldCom, filed to sell more than $84 million of company stock to meet obligations under a margin lending arrangement, according to officials at the long-distance provider. WorldCom, based in Clinton, Miss., has seen its stock fall almost 47 percent so far this year. Recent setbacks included a failed bid to acquire Sprint and forecasts that sales growth would slow during the second half of this year. Ebbers has been a big supporter of WorldCom stock during the 1990s, buying shares as recently as 1997. His last sale of WorldCom stock came in 1995, according to insider data compiled by the Washington Service. The Securities and Exchange Commission released documents today in which Ebbers reported that he would sell 3 million common shares, or more than 15 percent of the 19.4 million shares he owned outright as of April 11. Claire Hassett and Brad Burns, representatives for WorldCom, said the sales are intended to cover margin calls.