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

To: Anthony Wong who wrote (2609)	6/15/1998 12:49:00 PM
From: MGV	Respond to of 11568

This is sounding more and more like it will turn into a bidding war. On this news and probably in part to Grubman's statements on Rukeyser, WCOM is up $1 in a down market. "If Cable & Wireless loses the opportunity it seized to buy MCI's wholesale Internet business, it will find it difficult to replicate it, analysts said. ''It was very serendipitous that this opportunity appeared and Cable & Wireless was able to get it,'' said Mallinson. ''It's a pretty scarce property -- there are not that many international Internet assets around -- most have fallen into UUnet's clutches.'' UUnet is WorldCom's Internet unit that carries traffic for businesses and other Internet providers."