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To: PCSS who wrote (807)	4/27/1998 3:59:00 PM
From: Douglas G. Welnetz	Respond to of 1069

Too bad the releases had to be wasted on such a down day in the market.

To: PCSS who wrote (807)	4/27/1998 5:32:00 PM
From: Arrow Hd.	Read Replies (1) \| Respond to of 1069

In reading the MCI release I was intrigued by the comment regarding restructuring of the contract since there was no meat behind it. This always makes one think that maybe there is something negative to it. One of my associates spoke with the company to inquire about what this meant. What he was told was that it is now a three year deal whereas the earlier deals were for two years or less (we knew that). Also said that Y2K portion has financials similar to the old contract so ISLI did not take a hicky on that (that was a concern). Said that the contract was expanded to include ISLI's additional business areas which broadens the arrangement. That is good news. Appears to me to be a very positive renegotiation with great commitment on both sides. Wish it was released with a bit more enthusiasm. Was there a conference call for any of this? Anyone have any other input or different twist to what we heard? Thanks,