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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Seth L. who wrote (34144)	5/26/1998 4:11:00 PM
From: Hairy	Respond to of 41046

exchange2000.com

To: Seth L. who wrote (34144)	5/26/1998 4:38:00 PM
From: David D.	Respond to of 41046

Looks like you posted too soon, Seth. Down another 3/16 today. FTEL is going from sucking to stinking. David D.

To: Seth L. who wrote (34144)	5/26/1998 4:56:00 PM
From: rd greer	Read Replies (1) \| Respond to of 41046

Looks like the EU is going to get some more hooks into U.S. Corporate Mergers. ******* biz.yahoo.com EU, US join forces to tackle WorldCom, MCI deal BRUSSELS, May 26 (Reuters) - European antitrust chief Karel Van Miert said on Tuesday that he was co-operating with the U.S. authorities to try to impose similar conditions on the planned merger between WorldCom Inc (WCOM - news) and MCI Communications Corp (MCIC - news). Van Miert hailed co-operation on competition matters between the two sides of the Atlantic as ''excellent,'' saying that a dispute last year over the regulatory clearance of the merger between Boeing Co (BA - news) and McDonnell Douglas was a one-off exception. He picked the $37 billion acquisition of MCI by WorldCom, which has met resistance from both authorities, as an example of on-going co-operation established in a 1991 bilateral agreement between the European Union and the United States. ''We are trying to obtain the same concessions,'' Van Miert told a meeting of the European Parliament's economic and monetary affairs committee. Van Miert on Monday warned the two U.S. telecommunications firms that any overlap between them in the Internet backbone market should be eliminated. He also denied a WorldCom claim that the Commission had admitted to miscalculating the combined company's share of the Internet market and now put it at ''less than 38 percent.'' The Commission, the clearing house for large mergers and acquisitions that affect the 15-nation European Union, has until mid-July to take a final decision. Although it rarely refuses to give its blessing, it often sets conditions in the form of asset sell-offs. Van Miert said he would travel to Washington next week to sign an enhanced version of the 1991 competition co-operation agreement. The agreement's main feature provides for suspected abuse of dominant positions and other anti-competitive corporate behaviour to be dealt with by the best placed authority while the other one refrains from action. Under these so-called positive comity provisions, the Commission has left the floor to the U.S. Justice Department to handle a dispute with American giant Microsoft (MSFT - news) over the bundling of its popular Windows software with its Internet browser. The Commission is hoping to conclude a similar agreement soon with the antitrust authorities of Canada, but separate attempts to secure a deal also with Japan still have to bear fruit. Van Miert has been calling for a greater international co-operation to handle competition matters as markets become increasingly global and a company's restrictive practices in one country risk harming rival firms and consumers worldwide. But despite the EU-U.S. agreement, the EU in 1997 insisted on setting conditions to clear the Boeing/McDonnell Douglas merger which went through unscathed in the U.S., causing a political dispute between the two trade partners. ******** What do the Canadians and Japanese know that the U.S. won't listen to? It's time to write my politicos again. Glad Memorial Day, at least, has passed! rd