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To: Gary Korn who wrote (35938)	2/23/1998 9:56:00 AM
From: Falcon	Respond to of 61433

according to iqc....a short term buy signal should be triggered here with the stochastics...might lend another half point up

To: Gary Korn who wrote (35938)	2/23/1998 8:58:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Baby Bells, FCC work closely on long distance bids Reuters Story - February 23, 1998 20:35 %TEL %ENT %US USW BEL AIT V%REUTER P%RTR By Jessica Hall NEW YORK, Feb 23 (Reuters) - U S West Communications Group and other Baby Bells have begun to work more closely with federal regulators under new collaborative procedures set up to review Bell long distance applications. Mark Roellig, U S West's executive vice president of public policy, human resources and law, said the Denver-based Baby Bell has met with both the Federal Communications Commission and the Department of Justice to discuss its plans to file "multiple" long distance applications in the first half of 1998. U S West declined to comment on which states it plans to target. "We have met with both the FCC and DOJ in informal sessions and discussed with them our plans for long distance entry," Roellig told analysts recently at a meeting in New York. Roellig said DOJ officials also visited U S West's operations in Denver. Last month, the FCC said it would begin working more closely with the regional Bell companies before they file formal applications to offer long distance service. Under the Telecom Act, the Baby Bells must prove that they have opened their local telephone market to competition before being allowed into the long distance market. A federal judge in December struck down portions of the 1996 Telecom Act, but that ruling has been stayed pending an appeal. Over the past year, the FCC has rejected all four Bell applications submitted under the Telecom Act. The recent meetings show that regulators are committed to working more closely with the Bells, analysts said. Bell Atlantic Corp , which has filed with state regulators to offer long distance in New York, may be the first company to formally file with the FCC under the new collaborative procedures. The pre-application guidance may help Bell Atlantic become the first Baby Bell to enter the long distance market, some analysts said. "That's our plan," Bell Atlantic spokesman Mark Marchand said. Bell Atlantic said the FCC's new approach is certainly a plus" but the company believes its proposal will succeed on its own merits. SBC, which has filed with state regulators to offer long distance in Kansas and Oklahoma, said it has also recently meet with the DOJ and FCC staffers and commissioners. "They have been definitely good and open and informative meetings," said SBC spokesman Selim Bingol. Some analysts and company officials see the FCC's new approach as a sign the agency may be warming to the idea of letting the Baby Bells into long distance. Others, however, say the Telecom Act's specific requirements must still be met, no matter how much hand holding is done during the application process. "They (regulators) may talk to you. They may be nice to you and smile at you, but the question still remains 'Have you opened your local telephone market?'" said Gene Kimmelman, co-director of the Washington office of Consumer's Union. "It doesn't matter what side of the bed the FCC wakes up on each day. The (Telecom Act's) requirements are pretty straightforward. And none of them (the Bells) have fully opened their local markets,' Kimmelman said.