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

To: BOB JOHNSON who wrote (3659)	12/30/1998 5:18:00 AM
From: Jake0302	Read Replies (3) \| Respond to of 11568

Money's bullish recommendation of WCOM from Jan 99: <http://www.pathfinder.com/money/bestinvest/telecom.html> Forget the days when Ma Bell and the masters of long distance ruled the roost. Telecom today isn't just about phone calls but also Internet traffic and data transmission. The world is wired and becoming even more so -- fast. MCI Worldcom (Nasdaq: WCOM): The company best placed strategically to profit from that trend is MCI WorldCom, which offers the most comprehensive end-to-end communications service available for businesses, including long distance, local calling, Internet and data. It is the second largest long-distance carrier in the U.S., and its fiber-optic network handles half of the world's Internet traffic. And in its latest quarter, the company's Internet, international and data revenues grew 72%, 55% and 33%, respectively. That sets MCI WorldCom apart from most other big stocks: It's the only company in the S&P 500 with sales of more than $30 billion that has double-digit sales growth and 30%-plus profit growth. "WorldCom is the 'must own' large-cap growth stock," says Salomon Smith Barney analyst Jack Grubman. Here's the best part: Many mutual fund managers have yet to discover the stock. Only 11 of the 50 biggest growth funds and just seven of the 50 biggest capital-appreciation funds held the stock in mid-November, according to Grubman. As 1999 progresses and growth becomes harder to come by, you can bet that many of those funds will be buying WorldCom, big-time. And while the $60-a-share stock is already trading at 30 times expected 1999 earnings, that's hardly excessive for a company with projected earnings growth of 150% in 1999 and 50% in 2000.