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

To: P.M.Freedman who wrote (3750)	1/10/1999 11:56:00 AM
From: Neal davidson	Read Replies (2) \| Respond to of 11568

What do you mean "return" to 80$??? Let's get there for the first time before we think about returning there.

To: P.M.Freedman who wrote (3750)	1/10/1999 9:04:00 PM
From: Anthony Wong	Respond to of 11568

01/10 06:46 BT <BT.L> says talk of AirTouch bid "pure rumour" LONDON, Jan 10 (Reuters) - British Telecommunications Plc on Sunday described as "pure rumour" a report that it might join the bidding war for U.S. mobile telephone company AirTouch Communications Inc <ATI.N>. Britain's Sunday Times, quoting Wall Street investment bankers, reported that BT had notified AirTouch adviser Morgan Stanley last week of its interest in buying the company, the world's largest wireless communications concern. But a spokesman for Britain's dominant telecoms carrier said the report was "pure rumour and speculation". Industry sources were also sceptical BT would muscle in on a two-way battle for San Francisco-based AirTouch between U.S. local carrier Bell Atlantic Corp <BEL.N> and Britain's leading mobile phone firm, Vodafone Group Plc <VOD.L>. "I would have thought it a very, very unlikely event," said one source. Bell Atlantic's offer for AirTouch is reportedly valued at about $45 billion, while Vodafone is thought to be bidding $55 billion. A third potential bidder, MCI WorldCom Inc <WCOM.O>, ruled itself out of the running on Friday. Analysts noted that any bid by BT for AirTouch would be complicated by the British firm's network services deal with AT&T <T.N>, which prevents it from competing in the U.S. market against its partner. As a result, BT would have to find an ally who could take on the U.S. operations of AirTouch, leaving BT with the overseas half of the business. Anti-trust considerations would likely prevent BT linking with AT&T in the fight. Telecoms analysts expect AirTouch's merger discussions with its suitors to continue for several days, if not weeks, as it mulls the current offers and waits for potentially more. A team of Vodafone executives, led by Finance Director Ken Hydon, met last week with AirTouch officials in New York. Meanwhile, Bell Atlantic continued to work with AirTouch to resolve the complex accounting treatment of a potential deal, U.S. sources familiar with the situation said. Atlanta-based BellSouth Corp <BLS.N> and Germany's Mannesmann AG <MMNG.F> have also been rumoured as potential AirTouch suitors. BellSouth declined to comment, while a Mannesmann spokesman said earlier this week the company had no plans to bid for AirTouch. Top Vodafone executives will meet at the group's Newbury, England, headquarters on Monday for a briefing on the bid talks. Chief Executive Chris Gent, who has been on a working holiday in Australia and New Zealand, returned to Britain at the weekend and will be briefed by Hydon and the negotiating team.