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To: JM who wrote (4585)	6/3/1999 6:43:00 PM
From: Anthony Wong	Respond to of 11568

Only a moron would believe that a SkyTel deal was not in the works, it was a question of how soon and at what price. You're absolutely correct in saying that those who lost money was "because they cannot comprehend what they read, or they make incorrect assumptions."

To: JM who wrote (4585)	6/3/1999 6:46:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 11568

Here it comes: 17:19 MCI WorldCom faces lawsuit over SkyTel comments NEW YORK, June 3 (Reuters) - A lawsuit was filed against MCI WorldCom Inc. <WCOM.O> charging the long distance telephone company with violating securities laws by allegedly misleding investors about its intention to buy SkyTel Communications Inc. <SKYT.O>, plaintiffs' lawyers said Thursday. MCI WorldCom, which recently agreed to buy SkyTel for $1.3 billion, declined to comment on the lawsuit. SkyTel also declined to comment. The class action lawsuit was filed in the United States District Court for the Eastern District of New York on behalf of shareholders who bought or sold SkyTel's common stock and call options between May 25, 1999 and May 28, 1999. Shares of SkyTel had risen sharply in recent weeks on expectations it may be acquired after the company hired Warburg Dillon Read to help it explore its strategic options. MCI WorldCom was as a likely buyer. Rumors of a possible MCI WorldCom deal resurfaced on May 25 on news that an MCI WorldCom employee reserved a World Wide Web address that included both companies' names. That news sent SkyTel's shares up 16 percent to an intraday hit of $21.875. MCI WorldCom, however, had said that the employee had acted on his own initiative and that the Web address request was not "an indication of any official company intention." After MCI WorldCom's comments, SkyTel's shares then lost all nearly all of those gains. Three days later, MCI WorldCom announced its plan to buy SkyTel. At that time, MCI WorldCom said the requested Web address and the acquisition agreement were a "coincidence" and the events were unrelated. "Seeking to deflate the market rumors and the price of SkyTel common stock, and thus, to save millions of dollars on MCI's intended acquisition of SkyTel through a purchase of SkyTel's common stock, defendant MCI falsely denied any intention to acquire SkyTel," the plaintiffs' lawyers Bernstein Liebhard & Lifshitz LLP said in a statement. moneynet.com@NEWS-P1&Index=0&HeadlineURL=../News/NewsHeadlines.asp&DISABLE_FORM=&NAVSVC=News\Company