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

To: Brian Malloy who wrote (3082)	7/29/1998 8:51:00 PM
From: Scott Wedel	Respond to of 11568

Getting Brazil's long distance carrier is important since MCI already has the largest interests of any foreign carriers in central and south america. They can handle calls between many countries in the americas and avoid paying the huge fees to PTTs. Regarding the $30 billion potential market, it is my understanding that refers to the future of Brazil's long distance market. I suppose Brazil must have some restrictions on the ability for the local carriers to enter the long distance market. Does anyone know the specifics of these restrictions? Also, does WCOM have any fiber in Brazil or previously announced any plans to do so? As for WCOM leaps and future price: MCI is generally profitable and with the billions in promised synergy savings then WCOM is expected to be reporting earnings of $2-$3 per share in a year or two. The question then is whether WCOM appears as if it will continue to grow and head towards earning $5 per share. The question is whether you believe WCOM will continue to execute or if they will mess up integrating MCI. WCOM is not like many internet stocks that trade at huge multiples to sales and have to execute perfectly for a decade to justify their current prices. WCOM is trading on expectations for 1999-2000.

To: Brian Malloy who wrote (3082)	7/29/1998 9:25:00 PM
From: ANANT	Respond to of 11568

Brian: yes indeed. Thanks for the article. ANANT

To: Brian Malloy who wrote (3082)	7/29/1998 9:43:00 PM
From: Sonki	Read Replies (1) \| Respond to of 11568

hi u .. off topic. finally found time to visit us? r u in wcom? bot more today. in ira. jan 99. this is for me to read later... Telebras sale exceeds expectations Telefonica, MCI emerge as winners at auction THE WALL STREET JOURNAL Global telecommunications giants and local investment groups placed bets Wednesday on Brazil's economic potential by paying a total of $18.85 billion - 64% more than the government had asked - for the 12 pieces of Telecomunicacoes Brasileiras SA, better known as Telebras. Spain's Telefonica led a group that offered 5.78 billion reals ($4.97 billion) - a 64% premium - for Telesp, the fixed-line telecom service for Brazil's Sao Paulo state.

To: Brian Malloy who wrote (3082)	7/30/1998 12:35:00 AM
From: ANANT	Respond to of 11568

Brian and all: Telebras Sale Far Exceeds Forecasts; Telefonica, MCI Emerge as Winners interactive.wsj.com Excerpts: We've come to stay at least a hundred years in Brazil," said Juan Villalonga, Telefonica's chief executive. MCI Communications Corp. of the U.S. prevailed over a consortium led by Sprint Corp. for long-distance concern Embratel by bidding $2.26 billion, 47% above the minimum established by the government. The companies' initial bids were so close that they had to resort to open outcry on the floor of the Rio de Janeiro's Stock Exchange to arrive at a winner. "This fits well with our strategy of entering high-growth markets," said an MCI spokeswoman. MCI already has telecom interests in Latin American countries like Mexico, and is also the second-largest carrier of international phone minutes from the U.S. to Latin America. MCI said the transaction will add to earnings immediately, and added that it expects Embratel's revenue to grow at a rate of 20% a year. The move doesn't overlap with the international operations of MCI merger partner WorldCom Inc. of Jackson, Miss. Interestingly, MCI's victory bodes well for Telefonica and Portugal Telecom, since the three have an alliance largely aimed at winning new phone business in Latin America. ---------------------------------------------------------------