Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MGV who wrote (2597)	6/12/1998 9:12:00 PM
From: ANANT	Respond to of 11568

MV / AW / and all: Thanks for the timely dissemination of news on the MCI/WCOM merger. My comments: 1) In todays WSJ ( pl. see my post # 2584) , it is mentioned that the justice would not approve the sale of the MCI internet properties to GTE but would approve the sale to AT&T and others In the subsequent news reports GTE is also included in the potential bidders. There is a discrepancy in the two reports. 2) As I understand from the earlier claims of GTE, the value of MCI internet properties should be around $ 4 B . May be GTE , if allowed to bid, would be willing to pay $ 4B instead of the value $ 1.1 B as some other reports say. 3) It is an interesting coincidence that the US judge that gave the verdict in the C&W and MCI suit happens to be Thomas Penfield Jackson who is handling the DJJ/MSFT anti trust suit. 4) I would believe the MCI internet properties should be hot properties coveted by most of the top telecom players. As such they can command top premium dollars - may be close to $ 4B than $ 1B. I do not think this should be considered as a fire sale by MCI because of MCI's need to sell within a small time frame. 5) No doubt the sale price may have a significant short term impact on the stk prices of MCI and WCOM. I hope the WCOM does not go below 41. Kind rgds ANANT