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

To: ANANT who wrote (2665)	6/19/1998 11:08:00 AM
From: memery	Read Replies (2) \| Respond to of 11568

Anant - wish it was that easy. I think at this point that MCIC is pretty much tracking WCOM, but the multiplier adds too big a risk factor for me. A two point drop in WCOM wipes out the difference in MCIC in a big hurry ($44 x 1.2439 = $54.73). But by the same token, a move up is big too ($48 x 1.2439 = $59.71). Since the final price is decided by the average WCOM closing price over the 20 days immediately preceding the close, and my crystal ball is in the shop, I'm just going to sit tight. Please don't construe this as advice. Close your eyes, blow on the dice, and throw. Just don't ask me to kiss you for luck. I'm long MCIC now, but I expect a good dip after close due to WCOM dilution and other merger factors. I may buy into that dip because I like the long term prospects of the combined company. The attitude I've seen from both sides seems very positive, both are anxious to get it done, shake hands and start kicking some ass. Here's a link to the joint proxy statement. Select "THE MCI/WORLDCOM MERGER" from the drop down list for a good table of price/ratio/value. investor.mci.com