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To: Anthony Wong who wrote (2762)	7/1/1998 2:24:00 PM
From: Anthony Wong	Respond to of 11568

Lehman Releases List Of 10 Uncommon Values In Stock Market July 01, 1998 9:54 AM NEW YORK -(Dow Jones)- Lehman Brothers Inc. on Wednesday released its list of "10 Uncommon Values" in the stock market. Lehman said that stocks that make the list are "overlooked stock(s) that we anticipate will outperform the market over the portfolio's 12-month time frame." This year's companies are: Applied Materials Inc. (AMAT), Office Depot Inc. (ODP), Clear Channel Communications Inc. (CCU), Progressive Corp. (PGR), Comverse Technology Inc. (CMVT), Star Banc Corp. (STB), Danaher Corp. (DHR), Tyco International Inc. (TYC), Illinova Corp. (ILN) and WorldCom Inc. (WCOM). Several of last year's selectees posted substantial gains over the 12-month period from the close of June 30, 1997, through June 30, 1998. America Online Inc. (AOL) added 281%, Southwest Airlines Co. (LUV) rose 72% and Safeway Inc. (SWY) climbed 76%. The group as a whole tacked on 48.6%, according to Scott Collins, a member of the investment advisory committee that compiles Lehman's list. Lehman has compiled the lists for the past 50 years. - Justin A. Oppelaar; 201-938-5175 Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.

To: Anthony Wong who wrote (2762)	7/1/1998 2:29:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

U.S. Justice Department, EU Agree on WorldCom-MCI Remedies Bloomberg News June 30, 1998, 5:34 p.m. ET U.S. Justice Department, EU Agree on WorldCom-MCI Remedies Washington, June 30 (Bloomberg) -- A key condition that European regulators are imposing to clear the way for WorldCom Inc.'s $43.9 billion purchase of MCI Communications Corp. won support from the chief U.S. antitrust enforcer. U.S. Justice Department antitrust chief Joel Klein said, like the Europeans, he also wants assurances WorldCom won't win back MCI customers once MCI sells its Internet infrastructure to win clearance for the proposed combination. The European Union conditionally approved the transaction on June 22 after MCI agreed to sell off its entire Internet business and guaranteed the new, combined company won't try to win back MCI's former Internet customers for a period of time. Final EU approval is expected July 8. Klein expressed support today for the EU approach. ''Because (customers) have ongoing long-term relationships, they're going to turn around and go right back,'' Klein said after speaking at a Washington luncheon. ''What have you accomplished? What is the purpose of the remedy then? Normally, when you have a divestiture, the customer goes with the new company. That's the issue the EU is concerned about, and that doesn't seem like a trivial issue.'' The Justice Department is conducting its own antitrust review of the proposed combination, working closely with its European counterparts. Klein declined to say when the Justice Department would announce its decision. MCI declined to comment on Klein's remarks. MCI and WorldCom expect to complete the purchase this summer. The transaction also requires approval of the U.S. Federal Communications Commission. The combination, creating the second-largest U.S. phone company behind AT&T Corp., would control about 25 percent of the $70 billion-a-year U.S. long distance market and offer local services in more than 100 cities. The FCC and the Justice Department also must decide whether the combination would reduce competition for wholesale long distance. WorldCom is the largest U.S. provider of wholesale long- distance capacity to resellers like GTE Corp., which sell the services under their own brand names. Critics of the combination argue that it would reduce WorldCom's incentive to sell wholesale long-distance at competitively low prices. --Anne Marie Squeo in Washington at 202-624-1862 /jhr