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To: Anthony Wong who wrote (3493)11/20/1998 9:19:00 PM
From: Anthony Wong  Read Replies (1) | Respond to of 11568
 
11/20 20:03 Class action suit filed against MCI <WCOM.O>

PENSACOLA, Fla., Nov 20 (Reuters) - Attorneys said Friday that a national
class-action lawsuit against MCI WorldCom Inc. was filed on Thursday, nine
days after the Federal Communications Commission (FCC) ordered MCI to
stop charging "non-subscriber" rates for direct-dialed long distance calls,
according to the law firm of Levin, Middlebrooks, P.A.

"The class-action lawsuit has been filed to vindicate the rights of all MCI
customers who may have been overcharged," Mike Papantonio, an attorney
handling the case, said in a statement.

MCI WorldCom was not immediately available for comment.



To: Anthony Wong who wrote (3493)11/20/1998 9:58:00 PM
From: joarel  Respond to of 11568
 
Historically, wcom splits to promote the value of its stock for future acquisitions(ANS, CNS, Brooks) and for overall shareholder value. Since they landed the "big un" in MCI, I would still expect timely stock splits for further expansion and the completion of their interantional services portfolio(i.e. cellular acquisition in 1999). Let's say they split at 65 to 75 and announce in the first Q99.

-joarel


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