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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Hudson Gilmer who wrote (1875)	11/12/1997 10:07:00 PM
From: M.A. Miller	Respond to of 11568

If AT&T was smart, they would have taken out Wcom at a high price. The accretion would be there. That's why Bernie did approach AT&T. It's just too late. The cards have been dealt. If AT&T offered $60 it may happen. But I think the Wcom MCI deal is going to happen. Wcom stock won't be below $29 by next year's closing, believe me. Wcom also getting hit on negative collar on Brooks deal at these levels. Bernie will get the price up eventually with Wcom's earnings and european strategy unfolding big time in the next several months.

To: Hudson Gilmer who wrote (1875)	11/12/1997 11:06:00 PM
From: david thor	Respond to of 11568

<Can anyone tell me why this is not being considered as a serious possibility? > Hudson, Where, oh where will this end? Certainly not anything like what we see now. Actually, if you look at history of electronic communications, it's a steady stream of mergers, breakups and lawsuits. It's certain that will continue. I will only add to your hypothesis by saying that MCI is also a safe stock to be in. If AT&T does as you say, GTE has already stated a desire for MCI. Penalties in these deals won't stop counteroffers. I am not sure, however, how gov't will view an AT&T/WCOM combo. I'm not sure that the gov't (US) has a positive view of any AT&T acquisition or merger right now. I'd feel safer moving my money over to BEL, MCI, LCI or AT&T than WCOM at it's current price. However, any move towards 25 in WCOM and I'd probably make a sizeable investment. I don't think it's going to happen, though. Any indication of stability in the overseas markets and the US side will recover nicely. I've talked to a lot of people about the US markets and there is still a strong belief in holding and waiting for better bargains in the coming weeks. Of course, it's only my non-scientific sample! Regards, Dave