Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (37915)	10/5/2000 7:17:43 PM
From: Sun Tzu	Respond to of 70976

OT but still amusing -- NEW YORK, Oct 5 (Reuters) - In the latest disappointment for brash deal-maker Bernie Ebbers, the WorldCom Inc. chief executive has been forced to sell about 11 percent of his stake in the telephone and data company to cover a margin call caused by the decline in the company's stock price. ...and you thought you were having a bad time in the market! You can read the rest of the article at biz.yahoo.com Apparently this is not an uncommon thing among the execs these days. While we're on the topic, I used to have a boat load of WCOM stock which was the result of having had UUNET, MFS Communication, and some Worldcom itself. I dumped them all when Worldcom bought MCI as it was clear to me that (a) Worldcom paid way too much for MCI (especially since they had to make concessions on their Internet assets). And (b) WCOM had reached it's zenith as MCI actually preferred their stock to cash from GTE. Anyway, it seems to me that WCOM is looking attractive again. If the down trend holds and they hit the $15~$20 range, I'll scoop up a big chunk. ST