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

To: John F. Dowd who wrote (3122)	8/5/1998 7:37:00 AM
From: Scott Wedel	Respond to of 11568

Deflation on loan backed assets are trouble because that causes bad loans and others keep the asset until the price recovers. Both cases kill liquidity. Deflation of services and materials is good as that lowers costs and is the result of productivity in a competitive market. But anyway, I think WCOM has gone steadily from low 30s to mid 50s on basically the same news. It is taking over MCI and will make more money. I think WCOM has real value since it is growing profits and sales. Who knows what the market is going to do? But WCOM does not depend upon asia for it's profits and is likely to continue to beat estimates by a penny. I have not heard any reason why the WCOM growth story is no longer true. Declines and advances due to expanding or decreasing PE ratios is just noise in the longer run.