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

To: Sonki who wrote (2603)	6/13/1998 12:33:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 11568

Sonki, ANANT and all, WSW on Bloomberg newswire (and thanks to Sonki for the summary): More U.S. Telecom Mergers Are Coming, Grubman Tells Rukeyser Bloomberg News June 12, 1998, 9:05 p.m. PT Owings Mills, Maryland, June 13 (Bloomberg) -- U.S. telecommunications companies will merging in coming years, said Jack B. Grubman, telecommunications analyst at Salomon Smith Barney Inc., on Public Broadcasting System's ''Wall Street Week With Louis Rukeyser'' program. ''The right business model in this industry is to be fully integrated end-to-end local, long-distance and I would argue global,'' Grubman said. ''We are the only country in the world where you don't have that model and as time goes on, as regulation changes,'' companies will merge to try to offer a broader range of services in more countries. European and U.S. antitrust regulators are considering whether to allow a combination between WorldCom Inc. and MCI Communications Corp., which would hold about 25 percent of the U.S. long-distance business and have a presence in 102 local phone markets. Grubman, who was one of WorldCom's advisers on its proposed $40.41 billion acquisition of MCI, said WorldCom is one of the few telecommunications stocks that's a sure bet in coming years. Aside from the pending acquisition of MCI, WorldCom has ''the most diverse set of assets on the planet,'' revenue growth of close to 20 percent and earnings growth of more than 30 percent, Grubman. It has also been one of the best performing stocks in the Standard & Poor's 500 Index in the past ten years, Grubman said. The performance of other telecommunications companies is less easy to predict because of the changing regulatory environment and the ease with which startup companies can enter the market, Grubman said. On the international front, Grubman recommended Telefonica SA of Spain and Telstra Corp. in Australia. Among the panelists, Mary Farrell of PaineWebber Inc. recommended The New York Times Co., Gannett Co., Microsoft Corp. and Compaq Computer Corp. Farrell said the semiconductor industry, including Intel Corp., is still struggling because of economic turmoil in Asia, meaning price competition ''is going to be somewhat brutal.'' Harvey Eisen, chairman of Bedford Oak Partners, recommended Wells Fargo & Co. and Giant Food Inc. He said it's too early to go back into technology stocks but that a lot of them are down enough to be ''interesting'' investments. --Courtney Schlisserman in the New York newsroom (212) 318-2300

To: Sonki who wrote (2603)	6/15/1998 1:24:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 11568

Sonki. What that telecomm. analyst said when asked about TBR was something like: He would buy TEF. Great portfolio in Latin America. Telecomm. TEF is down nicely today. I am tempted but will wait a bit. And WCOM is moving up also today. MCIC is willing to get rid of all their internet stuff in the telecomm. area. I have not bought any more WCOM yet. Someone from Wall Street Journal was on CNBC a while ago and talked about PFE. Worst problem PFE has at this time with Viagra is to keep a low profile with the drug. Healthy men seem to be taken it now for more pleasure. Trying to hold the use down is something many cos. would give their eye teeth for. gg. Black market is still 60 dollars a pop. Just think what will happen when all those countries approve Viagra. Some women have said that they are not a GYM. They want to have their men go there not work out on them. Hm, what a way to put it. gg. But these women are probably right. All our drug stocks are down today. I have not checked yet why. Probably something has to be down for the DOW to drop over 100 points. One of my fav. analyst's, Joe Battl., said today that he thinks the market may end on a positive note. BTW, it is triple witching this week. That alone will cause some volatility and the yen is supposed to hit 150 this week, wow. I just heard that the bloodbath in the techs will be over any time now. What to buy, what to buy!!! CPQ is down some, Msft is up, Intel down a bit, Dell is down, Lu is down a bit, Cisco is up and the equipment makers and networkers are doing alright in this market. I can't complain about Amzn. I am waiting for Frank to sell through Amzn. That should make it go up even more. Sonny P.S. Oops, sorry, I replied on the wrong thread. Must have done it by mistake while reading one of your links. I will move this to you know where.