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To: E.J. Neitz Jr who wrote (39775)	5/21/2002 6:37:18 PM
From: E.J. Neitz Jr	Read Replies (2) \| Respond to of 53068

MCI STOCK TO BE CONVERTED TO 1.3594 WORLDCOM SHARES

To: E.J. Neitz Jr who wrote (39775)	5/21/2002 6:44:02 PM
From: rgood2002	Respond to of 53068

yea, and i can't get an after hour quote on MCIT. i think it stopped trading. last quote i saw was at 4:18pm or something. it still might be a good risk arb play depending on where MCIT opens tomorrow. the 1 share MCIT to 1.3594 share WCOM ratio should stay locked and both stocks trade "in step" with each other since the deal is so close. a cash deal for MCIT from WCOM would be better for the arb players. it'll come down to the $0.60 dividend. MCIT will still pay it. soooo, where does MCIT open is the question. how close to $2.65 or there abouts?