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To: ANANT who wrote (1874)11/12/1997 5:49:00 PM
From: Hudson Gilmer  Read Replies (2) | Respond to of 11568
 
Just a wild & crazy idea.

Sitting back and watching the MCI acquisition saga unfold, it occurs to me that there is one group who doesn't benefit from the current situation - WorldCom shareholders. Maybe they also have their price.

If I were Michael Armstrong - the new CEO of AT&T, I would take a serious look at making a $60/share bid to acquire Worldcom and send MCI back into BT (or GTE)'s arms. The rationale seems compelling:

- AT&T gets all of the cost savings that WorldCom-MCI is claiming
- AT&T gets a real internet and data business
- AT&T takes control of the company that is putting the most downward pressure on market prices
- AT&T has minimal regulatory problems (compared to SBC, BEL, GTE)
- Armstrong inherits a management team which will help him shake up the corridors of AT&T

Can anyone tell me why this is not being considered as a serious possibility? What percent of Worldcom do employees & management own?