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To: John F. Dowd who wrote (4515)	5/21/1999 5:22:00 AM
From: Anthony Wong	Respond to of 11568

John, he wants to buy NXTL two years later when the deal won't be dilutive to earnings, but by then the price tag won't be $50. Anthony

To: John F. Dowd who wrote (4515)	5/21/1999 5:25:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

MCI WorldCom Plans to Double Number of Shares, WSJ Reports Bloomberg News May 21, 1999, 1:34 a.m. ET Jackson, Mississippi, May 21 (Bloomberg) -- MCI WorldCom Inc., the No. 2 U.S. long-distance phone company, is doubling the number of shares it can issue, a move that would allow Chief Executive Bernard Ebbers to use the stock to pay for a purchase without having to get explicit approval from the board, the Wall Street Journal Europe reported, citing people close to the situation. Shareholders approved a resolution increasing the number of available shares from 2.5 billion to 5 billion, to improve the company's financial flexibility, the WSJ said. MCI WorldCom recently ended talks with Nextel Communications Inc. because it would have meant the assumption of billions of dollars of debt, and people familiar with the company said MCI WorldCom could buy Sprint Corp. or a regional Bell operating company in the U.S., the newspaper said. MCI WorldCom is expected to buy a wireless company within a year, even after talks between the No. 2 U.S. long-distance phone company and wireless provider Nextel failed, analysts said on May 6. (The Wall Street Journal Europe 5/21 www.wsj.com) news.com