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

To: David Klein who wrote (2927)	7/17/1998 4:15:00 PM
From: SDR-SI	Read Replies (1) \| Respond to of 11568

David: I believe that the stock-for-stock purchase by WCOM of MCIC does not require an accounting transaction effected by the WCOM stock price. Shares of one company are exchanged for shares of the other. In such a transaction, there is no reference to market price on the books of the company and there is no writeoff of the "cost" of the acquired company as a whole. I am not a cpa and have not read every detail of the agreements between the companies, but I am a former public company financial officer and feel relatively confident that the above is correct. Steve PS - Sorry to take so long to answer. My computer started acting flaky in the middle of starting to answer you and I had to shut down and restart.