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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: SteveG who wrote (5775)	5/7/1998 1:41:00 AM
From: SteveG	Respond to of 12468

<A> Intl Linkups -3: Foreign Telecoms May Look At Baby Bells Outside the auto industry, mergers of a global scale already are part of the economic landscape. In the late 1980s, for example, Japanese conglomerates Sony Corp. (SNE) and Matsushita Electrical Industrial Co. (MC) acquired U.S. entertainment businesses. More recently, British Telecommunications PLC (BTY) proposed a merger with U.S. long-distance provider MCI Communications Corp. (MCIC) before being outbid by WorldCom Inc. (WCOM), another U.S. telecommunications concern. Graham of the Institute for International Economics likens the proposed Daimler-Chrysler deal to British Telecom's bid for MCI. Both represent an attempt by a European company to move into the U.S. without having to build from the ground up. Daimler's former chairman, Edward Reuter, sits on the board of the Institute of International Economics, Graham said, and met with institute fellows as recently as two weeks ago. But Reuter didn't discuss any actual or possible talks with Chrysler, Graham said. In fact, Graham said, the telecommunications sector remains a likely candidate for global consolidation. "If WorldCom consummates with MCI, the telecoms would make a lot of sense, including one of the foreign telecom giants looking at the RBOCs," Graham said, refering to the regional Bell operating companies, commonly known as the Baby Bells. Indeed, Graham said, if MCI and WorldCom can pass the scrutiny of trust-busters, other "eye-openers" could emerge, putting national antitrust regulators to the test again as companies argue they are competing in a global arena. But today, the possibility of a global monopoly isn't inconceivable, said Graham, an economist who has written about global competition and foreign direct investment in the U.S. "The most significant merger to date is Boeing and McDonnell-Douglas," Graham said. That combination, of Seattle-based Boeing Co. (BA) and St. Louis-based McDonnell left the U.S. with just one maker of big jets, and created a worldwide duopoly comprising Boeing and the European consortium Airbus Industrie. What if Airbus, deciding it can't compete with Boeing, decides instead to merge with it, Graham speculated? "That's the most stark example that firms can pose monopolistic problems, even at the global level," Graham said.

To: SteveG who wrote (5775)	5/7/1998 9:02:00 AM
From: silicon warrior	Read Replies (1) \| Respond to of 12468

am still stuck running to court, but you guys have the basic sense of it, use of the llcs is to shield wcii itself from liability, etc. Generally the 13d is supposed to tell everyone your intentions. However, slick lawyers have made it an exercise in obfuscation. The generic language in wcii's 13d would permit them to tender for the rest anytime, especvially now that the price is down. But, artt has a poison pill. Thus, wciii will almost certainly cut a deal with the artt board if and when they decide to take the rest. Remember that this 15% interest gives wcii strategic control to keep artt from others--just, e.g., tgnt, etc (only TGNT is at different freq.) More later guys and gals...