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

To: JM who wrote (2682)	6/19/1998 5:08:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 11568

JM, I'm biased as I'm most bullish on WCOM and the future MCI WorldCom. Today's EU action lifts the cloud hanging over the stock. I expect it to inch up towards the low 50's by the time the EU gives its final approval on the merger on May 15. Yesterday when there are still some uncertainties, the stock held quite well, and was only down fractionally. Today's volume tells me that a lot of institutions have bought (saw big blocks going by). The stock doesn't have really wide swings daily, so I'm not sure that it's a momentum player's favourite. To be frank, I'm never any good in short term trading, so I've just held on to my WCOM. When I bought WCOM (called LDDS then) several years ago, I bought at the stock's new high, and I'm doing very well with my shares today. My target is for WCOM's share price to reach $100 in 2 years time. MCI's divestiture would give it a lot of cash to rebuild the internet backbone again if it so wishes or it could be used to retire some debt. May not effect future earnings as much as analysts expect, and may only affect 1999 earnings. The Street is still very bullish on the new company going forward. After MCI, the next target should be a cellular company. ATI, perhaps?

To: JM who wrote (2682)	6/19/1998 6:13:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

Interesting article (I've watched the interview, actually): Mgr Says Arbitrage More A Matter Of Research Now Than Rumor June 19, 1998 4:04 PM NEW YORK (Dow Jones)--Today's arbitrageur relies far more on information and research than the rumor and intuition that drove his counterpart in the '80s, said Scott Keller, president of hedge fund Guardhill Capital. "The game is much less speculative today than it was 10 years ago," Keller said in an interview with CNBC. "The biggest challenge facing arbs today is on the fundamental research side." One deal that Keller's firm has been researching lately is the long-running merger agreement between MCI Communications Corp. (MCIC) and WorldCom Inc. (WCOM). The fund manager looks for opportunities to buy and sell the two companies to turn a profit on merger events as they transpire, he said. "There has been tremendous volatility, not only in both of those stocks but also with conflicting information coming out of Brussels," he said, referring to European regulatory bodies. Keller said his firm "has been in and out of that situation three or four times" over the course of the transaction so far. -Justin A. Oppelaar; 201-938-5175