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Technology Stocks : ACC Corp. today story #1 at Schwab's -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (61)	10/30/1997 9:10:00 PM
From: Natedog	Respond to of 65

So what'ch ya think Susan? Since Accc is probably the only long distance carrier to turn a profit you would think more bids are to come? Bidding war type style? Any idea what would be an acceptable number? 60!! NNC

To: Susan Saline who wrote (61)	11/12/1997 10:46:00 PM
From: cmchang	Read Replies (1) \| Respond to of 65

I don't get it. Since USWI is being bought out by ACCC for an exchange of .077 stock swap, I don't understand why USWI is trading under $2 since .077 of $40 is $3.08. (ACCC still closed above $43 today) Or why ACCC is nowhere near the $50 being offered by TALK. Is it due to a lot of thing pending approval? thanks, -Carlos An excerpt from a Nov 7 release. As reported October 31, TALK said it advised ACCC that it was prepared to offer $50 in TALK common stock for each ACCC common share, without regard to ACCC's completion of its acquisition of US WATS Inc. (Nasdaq:USWI - news). As reported, ACCC on October 30 said it received an unsolicited proposal from TALK under which TALK would exchange $50 in TALK common for each share of ACCC common unless ACCC had completed, or was ''committed to'' completing its acquisition of USWI, in which case the exchange rate would be $40 in TALK common for each ACCC share. As reported on October 28, ACCC signed a definitive agreement to acquire USWI in a stock swap of about 0.077 of an ACCC common share for each USWI common share, subject to adjustment, in a transaction valued at about $46,000,000. Under the agreement, ACCC would also assume about $3,000,000 of other liabilities from USWI.