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

To: Yacht Trash who wrote (2893)	7/15/1998 12:25:00 PM
From: optionfan	Respond to of 11568

I agree about the long-term upside potential for wcom. As an option player, though, I'm focused on the short-term, specifically between now and September. As I see it, significant events potentially in that timeframe include confirmation of MCI sale, DOJ and then FCC approval, and earnings release. Does anyone envision any other surprise developments/announcements which might impact price up/down? If the above all happens good, what's a realistic price by mid-September?

To: Yacht Trash who wrote (2893)	7/15/1998 2:13:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 11568

From a midday Reuters article (WCOM & MCIC are now internet stocks!): As a group, Internet stocks did not fare well Wednesday morning, with most names in the sector posting declines. Exceptions were MCI Communications Corp (MCIC - news), which rose 1-3/4 to 66-1/16, and WorldCom Inc (WCOM - news), which gained 1-1/2 to 54-1/4 as investors awaited formal word of a rumored deal to sell MCI's Internet assets to Britain's Cable & Wireless Plc (quote from Yahoo! UK & Ireland: CW.L). MCI and WorldCom are hoping the deal will prompt European clearance of their merger. Even with the asset sale, the combined MCI-WorldCom would will still be a dominant force in the Internet space through WorldCom's UUNet unit. biz.yahoo.com