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To: JM who wrote (3550)	12/9/1998 3:50:00 PM
From: Anthony Wong	Respond to of 11568

JM, I absolutely agree. T has been very aggressive during the past year and the stock price has reflected it. I think that T is also a good long term buy on dips...has more to go.

To: JM who wrote (3550)	12/10/1998 5:36:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

MCI WorldCom to Cut Up to 3,700 Jobs, 5% Workforce, WSJ Says Bloomberg News December 9, 1998, 10:34 p.m. PT New York, Dec. 10 (Bloomberg) -- MCI WorldCom Inc., the second-largest U.S. long-distance phone company behind AT&T Corp. based on sales, will announce this week it is cutting as many as 3,700 jobs, or 5 percent of its workforce, to reduce costs, the Wall Street Journal Europe reported, citing unnamed ''people close to the situation.'' The cuts are part of a $2.5 billion cost-reduction program announced earlier and will be at low and mid-level positions where roles have been duplicated since the merger of WorldCom and MCI three months ago. The company will also cut back on overhead costs, such as perks and travel expenses, paying particular attention to the former MCI's side of the business, which analysts say had become fat over recent years, the WSJ said. MCI WorldCom passed rival AT&T Corp. in market value this week, as MCI WorldCom's shares rose on expectations the company will grow faster than its older rival. (Wall Street Journal Europe 12/10 p.12 ) --Michael Bleby in the London newsroom (44 171) 330-7041/pg