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

To: MGV who wrote (2619)	6/16/1998 4:13:00 PM
From: ANANT	Read Replies (1) \| Respond to of 11568

MV and all : To buy MCIC or WCOM ? If u want to make some investment into this WCOM/MCIC merger for long term hold of WCOM, now under these fluid conditions which one to buy MCIC or WCOM ? I like to look at at this in a rudimentary fashion under some very simplified assumptions. Assumptions: The deal goes thru to the satisfaction of DJJ and MCI/WCOM. in the next couple of months. The current quotes of MCIC = 51.375 and WCOM = 43.625 WCOM > 41 the stk exchange factor is 51/41 Buy 1000 shrs MCIC ; cost = 51,375 ; on conversion at time of merger u get 1000* (51/41) = 1243.90 shrs of WCOM With the same investment of 51,375, you can buy 1177.65 shrs of WCOM @ 43.625. It looks advantageous to buy MCIC instead of WCOM. As the time approaches closer to merger, the price of the respective stks will obey the collar factor of 51/41 when wcom hopefully > 41. Kind rgds ANANT

To: MGV who wrote (2619)	6/16/1998 4:46:00 PM
From: Caxton Rhodes	Read Replies (1) \| Respond to of 11568

EU regulators still talking to WorldCom and MCI BRUSSELS, June 16 (Reuters) - European Union regulators were still talking to WorldCom Inc (WCOM - news) and MCI Communications Corp (MCIC - news) on Tuesday over conditions to approve their $37 billion merger, only two days before a key EU panel meets to give its advice. An official with the EU executive, the European Commission, declined to say whether the U.S. companies had made any new offers to address regulators' fears that they would control the supply of Internet backbone, which carries traffic over the global computer network. ''I cannot comment on Worldcom/MCI. We're still talking to legal counsel to the parties,'' he said. But the parties were widely expected to divest further MCI Internet assets after European Competition Commissioner Karel Van Miert said earlier this month that the sale of MCI's wholesale business to Cable & Wireless was not enough. Van Miert has said he wants any overlap between the two firms in the supply of Internet conectivity to be eliminated which means selling MCI's business or WorldCom's Internet service provider UUNet Technologies. A committee of merger experts from the 15 EU states is expected to meet on Friday to discuss a draft decision to ban the merger failing sufficient concessions from the partners. A team from the Commission's merger taskforce, which prepares rulings for the 20-member EU executive, travelled to Washington last Friday to negotiate jointly with the U.S. Justice Department, which is also reviewing the deal, the official said. The EU has until July 8 to give its final ruling and the merger advisory committee could meet more than once. But time is running short especially as the Commission would like to take a decision on July 1.