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

To: Sonki who wrote (3413)	10/28/1998 12:31:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 11568

Oh Sonki, this is such a difficult question to answer. If I knew you'll be interested in WCOM as a trade, I would've suggested you to jump in at round about $41. WCOM management is too smart to be overly bullish in their earnings guidance to the Street. I expect them to exceed estimates by 2-3 cents, but whether that's enough to get the stock to $57 is anyone's guess (remember how PFE's earnings sort of "disappoints" and it went up?). OK, I'll make a guess. Almost every brokerage firm is bullish on WCOM, so expect re-iterations of buys and strong buys. A few points up to re-test $57 on Thursday and Friday...but do be careful. What do the charts say? Anthony

To: Sonki who wrote (3413)	10/28/1998 5:13:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

MCI WorldCom 3rd-Qtr Profit Seen at 21c-Shr: Earnings Outlook Bloomberg News October 28, 1998, 2:52 p.m. ET Expected Earnings MCI WorldCom Inc., the second-largest U.S. long-distance phone company, is expected to report higher third-quarter profit, before special items, of 21 cents a share, the average estimate of analysts polled by First Call Corp. The company hasn't made pro-forma comparisons from the year-earlier period available. Expected Time The Jackson, Mississippi-based company is scheduled to report earnings Thursday before the open of U.S. stock markets. Behind the Numbers Investors will be anxious to hear how well MCI WorldCom is integrating networks, operations and employees since WorldCom completed its $47 billion purchase of MCI Communications Corp. last month. The company said it will take a $3.1 billion charge in the quarter to write down in-process research and development at MCI. MCI WorldCom's sales and traffic on its network are growing faster than rivals, boosted primarily by early investments in the Internet. The company's also taking advantage of its global reach, which extends to Europe and Asia, as Sprint Corp. and AT&T Corp. struggle to build alliances with international carriers. Last month, MCI WorldCom said it will offer discounts of as much as 35 percent for calls between companies that use its local, long-distance and international services. The company also plans to triple the size of its network in Europe, spending as much as $1.2 billion to boost the total cities connected to 45 from 10. What the Experts Say ''If you look at the results from competitors, you see there is strong demand for data and Internet services,'' said Oscar Castro, senior portfolio manager at Montgomery Asset Management LP, which owns about 222,000 WorldCom shares. ''MCI WorldCom is by far the Internet leader, so you can assume they will do very well.'' Previous Market Reaction WorldCom shares rose 1 1/16 to 55 3/8 on July 23, when the company reported second-quarter earnings rose more than fivefold, beating expectations, on surging sales of Internet and other data services. Net income was $227.5 million, or 21 cents a share. Market Performance MCI WorldCom shares have risen almost 78 percent so far this year. They rose 1 3/16 to 53 3/4 in midafternoon trading. --Andrew Brooks in New York through the Princeton newsroom