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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pettee who wrote (13901)	2/5/1999 8:50:00 AM
From: Grupo Brad	Respond to of 19331

( WSJ ) DJ: IXC Communications To Consider Buyout, Posts Quarterly L DJ: IXC Communications To Consider Buyout, Posts Quarterly Loss AUSTIN, Texas -- IXC Communications Inc., an emerging voice, data and Internet carrier, said it has retained Morgan Stanley Dean Witter & Co. to evaluate a possible sale or partnership. Shares of IXC surged 40% in yesterday's Nasdaq Stock Market trading, closing up $13.25 at $46.25. Chairman Ben Scott said IXC is changing from a wholesale to retail orientation and is looking for a partnership to widen its customer base. Mr. Scott also contended IXC shares don't reflect the company's substantial investment in its network. Observers have long expected a consolidation of the intensely competitive longdistance market, where many companies have built networks to carry increasing Internet and data traffic. The company, which has completed the nation's first coast-to-coast fiber-optic network, made the disclosure while reporting a fourth-quarter loss of $26.8 million, or $1.17 a share, compared with a year-earlier loss of $17.6 million, or 84 cents a share. Revenue increased 3.5% to $169.8 million. Many credit IXC with finishing its own advanced network before competitors such as Qwest Communications International Inc. and Level 3 Communications Inc. But in recent months, Qwest has lined up a number of strategic partnerships, including Microsoft Corp., and major customers, winning a $1 billion contract from the federal government. 02/05/1999 02:00 * end of story *