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

To: Anthony Wong who wrote (2716)	6/23/1998 5:01:00 PM
From: P.T.Burnem	Read Replies (4) \| Respond to of 11568

Anthony, I think I know what's going on: WorldCom shares (WCOM), which reached a 52-week high of $47.625 Monday, traded as high as $48.125 Tuesday before closing at $47.9375, up 37.5 cents, or 0.8%, on Nasdaq volume of 12.5 million. Average daily volume is 9.6 million. MCI (MCIC) stock leapfrogged Monday's 52-week high of $57.125 to hit $58 Tuesday. At the close, the shares were up 75 cents, or 1.3%, at $57.6875 on Nasdaq volume of 4.5 million, compared to a daily average of 4.7 million. Note that MCIC rose 1.3% vs. WCOM's 0.8%. I bet that, as the merger becomes more likely, arbs short WCOM and buy MCIC to capture the spread between the two. Hey, may be it's not too late to join them. Does anyone remember the exact MCIC-to-WCOM conversion ratio? I mean, how many shares of WCOM will be exchanged for one share of MCIC? PTB

To: Anthony Wong who wrote (2716)	6/23/1998 5:29:00 PM
From: MGV	Read Replies (1) \| Respond to of 11568

The lack of disclosure regarding the precise substance of the EC/DOJ driven divestment of MCI assets represents uncertainty. We all know the market is uncomfortable with uncertainty. This is what is keeping both MCI and WCOM from moving up faster than they are. The article that AW posted suggests that analysts are representing that whatever it is, it wont hurt the combined WCOM/MCI. Nonetheless, until the deal is disclosed, the uncertainty puts somewhat of a lid on the share prices. I agree with AW, to the extent the deal becomes clear on 7/8/98, speculative excess : ) will have to wait.