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

To: jim black who wrote (4304)	4/29/1999 6:06:00 PM
From: JM	Read Replies (2) \| Respond to of 11568

From all indications, a nextel deal appears imminent. Ebbers' comments regarding "long term value" point to the fact that he may feel that the risk of not entering cellular now, outweighs the drag on earnings that a purchase of nextel will bring. Some estimations are 25% drag on earnings. Anyone out there feel that there will be any value left in this deal(esp. if wcom pays 52 - 57)? If a deal is done do we see low 70's (a 25% haircut), or perhaps even lower?