To: Ms. X who wrote (3367 ) 6/4/1998 8:17:00 PM From: Teddy Respond to of 34811
Jan you is, where has everyone gone? i guess you were right that WCOM is too strong for even Sammie to pull her back. Thanks for trying, i got back in today (missed the low) and promise not to even check the price for 10 years... well, maybe i'll peek once or twice<g> a snip from thestreetdotcom Top Stories: Live from New York, It's Bernie Ebbers By Eric Moskowitz and Kevin Petrie Staff Reporters 6/4/98 7:24 PM ET Every investment conference needs a Bernie Ebbers. The commanding chief executive of WorldCom (WCOM:Nasdaq) merited a sellout crowd in Ballroom A at New York's Grand Hyatt, home of the PaineWebber Growth & Technology conference. PaineWebber even pushed back Northern Telecom's (NT:NYSE) session rather than force it to compete in the same time slot. Ebbers broke from the exercise the characteristic caution and reserve of most executives. Instead, he cracked jokes and indulged in superlatives: "We are experiencing the best productivity of our sales force that we've ever had in the history of our company." WorldCom's stock rose 5/8 Thursday to 45 1/16. Twenty fund managers pressed around Ebbers after the breakout session. He calmly held his ground, decrying the moves of the Justice Department and European Commission to review the antitrust implications of his company's proposed merger with MCI (MCIC:Nasdaq). When an assistant pressed him gently that it was time to leave, Ebbers demanded to know why. Getting no answer, he stayed. Ebbers still hopes to close the WorldCom-MCI merger in July, provided it clears the regulatory hurdles. Also, the combined companies might still partner with British Telecom (BT:NYSE) in a co-marketing arrangement in the United States. British Telecom tried to buy MCI. Ebbers is bracing for upheaval in his industry. So far, WorldCom has grown by acquiring numerous carriers such as MFS and stealing customers from the incumbents. In fact, AT&T's (T:NYSE) loss of customers has helped make WorldCom a popular stock. ...