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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: JeffA who wrote (46655)5/28/1999 8:51:00 AM
From: JakeStraw  Respond to of 90042
 
SKYT -
SkyTel sees adding 50,000 units in Q2

NEW YORK, May 27 (Reuters) - Paging company SkyTel Communications Inc. said Thursday it expected to add about 50,000 customers in the second quarter, including 40,000 advanced messaging units.

SkyTel Chief Executive John Stupka, who was at the Bank of America Securities' Growth Telecommunications Conference in New York, declined to comment on industry speculation the company may forge a deal with MCI WorldCom Inc. (Nasdaq:WCOM - news).

Shares of SkyTel rose earlier this week after an MCI WorldCom employee reserved a World Wide Web address that included both companies' names, which renewed speculation that the two companies could link.

SkyTel previously said it was exploring various strategic options.

''We continue to do so,'' Stupka said and declined to comment further when asked by reporters about talks with WorldCom.

SkyTel also said it expected its one-way paging business to generate more than $100 million in free cash flow in 1999.