Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ANANT who wrote (3137)	8/7/1998 7:39:00 AM
From: JM	Respond to of 11568

Write off effects----How will the market react? Seems to me that there may be a short term drop in the stock price. Hard to tell since WCOM is so beloved by Wall Street. $6-7 billion will put a significant drag on short term reported EPS. Longer term seems like the right thing to do, as goodwill will be reduced quickly. Is the bond sale and the early booking of this charge setting up WCOM for its next move???

To: ANANT who wrote (3137)	8/7/1998 7:49:00 AM
From: JM	Respond to of 11568

Is this correct?? 6-7B translates to ~$6-7 per share based on the 1.03 billion shares that WCOM now has. What will be the total number of shares of the combined MCI/WCOM, and the resultant EPS number(charge)?

To: ANANT who wrote (3137)	8/7/1998 7:59:00 AM
From: JM	Read Replies (1) \| Respond to of 11568

SEC filing: sec.gov Shares of combined MCI/WCOM = 1.765 B Charge = 6.5 B EPS effect = -$3.68 Are these types of charges booked in this manner?

To: ANANT who wrote (3137)	8/9/1998 3:31:00 PM
From: Anthony Wong	Respond to of 11568

WorldCom to Spend 150 Mln Pounds on U.K. Network, Paper Says Bloomberg News August 9, 1998, 11:53 a.m. ET London, Aug. 9 (Bloomberg) -- WorldCom Inc., which is poised to become the second-largest U.S. long-distance phone company, in September will announce plans to spend up to 150 million pounds ($244.5 million) on extending its U.K. network over the next 12 months to help it compete against British Telecommunications Plc, Sunday Business newspaper reported, citing Colin Mcleod, managing director of WorldCom UK. WorldCom, which outbid BT to acquire MCI Communications Corp., will spend 20 million pounds to buy fiber-optic lines from Racal Telecom, a unit of Racal Electronics Plc, to help improve its services to corporate clients. MCI-Worldcom's goal is to reach 70 percent of business customers in England and Scotland by the end of the decade. On Aug. 6, the Jackson, Mississippi-based WorldCom sold a record $6.1 billion of bonds and estimated it would take a charge of $6 billion to $7 billion for research and development acquired from MCI. --Christine Harper in the London newsroom (44 171) 330-7982/jm