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

To: Frank A. Coluccio who wrote (2498)	5/28/1998 10:48:00 AM
From: SteveG	Read Replies (2) \| Respond to of 11568

Hey Frank- Fwiw, Grubman called this yesterday pre-opening. (though he didn't get CWZ, and he estimated $600MM.) He's not in print this morning (yet), but from yesterday's analysis, we see he is very favorable to such a divestiture: MCI-Internet has a run rate of $300MM, $120MM wholesale and $180MM retail. The interest on (or debt reduction of) $600MM he estimated would exceed the pretax income from the internet service. Plus, MCI-Internet is growing more slowly than the balance of the WCOM-MCIC's business. I'm making the rounds, but Grubman is arguably the research axe on this stock. Steve