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Technology Stocks : MCI Communications (MCIC) -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (1640)6/26/1998 1:36:00 PM
From: PDL  Read Replies (1) | Respond to of 1692
 
MCI went public (at $10 per share) on June 10, 1972 (I know the year and month is right, the 10th is a bit of a guess). Blyth was the underwriter (3 million shares -- largest IPO up to that point). It was and remains an OTC stock (this was before the "national list, etc.") -- Bill McGowan (founder and visionary chairman for 20 years) hated monopolies and therefore hated the NYSE (with their specialists).

-- Pete


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