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

To: Anthony Wong who wrote (3167)	8/10/1998 5:31:00 PM
From: MGV	Read Replies (2) \| Respond to of 11568

Hindsight's 20-20, As British Telecom Cashes Out Of MCI By SHAWN YOUNG Dow Jones Newswires NEW YORK -- Seven billion dollars in cash really soothes the sting of what might have been. Even if, theoretically, what might have been is almost $9 billion. British Telecommunications PLC (BTY), having lost merger partner MCI Communications Corp. (MCIC) to WorldCom Inc. (WCOM), agreed last fall to sell its 20% stake in MCI to WorldCom for about $7 billion in cash. But given the rise in WorldCom's shares since then, British Telecom will get less than other MCI investors, who will get WorldCom stock when the merger closes later this summer.