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| Author | Topic: Worldcom (WCOM) |
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Earnings Administrator |
posted 07-27-2000 06:53 PM
 
WorldCom Inc., fresh from a collapsed merger with rival Sprint, met earnings expectations, warned about future revenue growth, and said that it may create separate companies or tracking stocks for its voice telephone operations. (source: TheStreet.com) http://www.thestreet.com/brknews/telecom/1017753.html Company Name (Ticker): reported, expected, same q last year WorldCom (WCOM): $0.46*, $0.46, $0.30 |
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InvestorGuide Weekly Administrator |
posted 07-24-2000 02:46 PM
Eight states filed lawsuits against Sprint, WorldCom and AT&T, alleging that the three long-distance carriers employ deceptive advertising to win customers. (source: Chicago Tribune) http://chicagotribune.com/tech/news/article/0,2669,ART-45902,FF.html |
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InvestorGuide Daily Administrator |
posted 07-14-2000 06:10 PM
Sprint's William T. Esrey, the chief executive, insists his company doesn’t need to merge with a big company to be successful in the new world of telecommunications giants, and he says he isn’t talking to any potential buyers. (source: MSNBC) http://www.msnbc.com/news/432796.asp Are megamergers the way to succeed in business? The current trend would lead you to believe so, but this author thinks successful mergers are hard to pull off and often lead to heightened competition. (source: Upside) http://www.upside.com/Richard_Brandt/396e348f0.html |
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InvestorGuide Daily Administrator |
posted 07-13-2000 06:40 PM
In brief: - Bowing to the inevitable, Sprint and WorldCom on Thursday officially agreed to part ways in the wake of efforts by U.S. and European regulators to stymie the $125 billion merger of the two long-distance giants. |
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InvestorGuide Daily Administrator |
posted 07-11-2000 06:17 PM
Deutsche Telekom AG's voracious appetite for U.S. telecommunications assets left analysts and investors mulling a number of possible merger scenarios Tuesday. Here is look at the possible outcomes, although a consensus favorite has not immediately emerged. (source: CNNfn) http://cnnfn.cnn.com/2000/07/11/deals/deutsche/ |
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InvestorGuide Daily Administrator |
posted 07-07-2000 06:21 PM
With the demise of Sprint and WorldCom's merger imminent, new telecommunications merger deals may be simmering. Here is a look at the players and their possible moves. (source: Cnet) http://news.cnet.com/news/0-1004-200-2218547.html |
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InvestorGuide Daily Administrator |
posted 07-05-2000 06:14 PM
In brief: - Worldcom and Sprint are expected to formally end their merger plans, possibly as early as later this week. |
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InvestorGuide Weekly Administrator |
posted 07-03-2000 10:45 AM
Why does the DOJ hate the Worldcom-Sprint deal so much? Upside's Rex Crum can't figure it out. http://upside.com/Opinion/395934c90.html |
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InvestorGuide Daily Administrator |
posted 06-29-2000 06:34 PM
If the WorldCom merger with Sprint is all but dead, why hasn’t either side officially called it off yet? While WorldCom officials appear ready to walk away from the deal, Sprint executives are still publicly touting the merger’s benefits and looking for ways to salvage it. (source: Wall Street Journal) http://www.msnbc.com/news/427000.asp |
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belgarion |
posted 06-28-2000 02:16 PM
"Shares of WorldCom are lifted 12 percent to 44 3/8 by comments from Salomon Smith Barney analyst Jack Grubman, who said he views WorldCom as the best-positioned company in the industry. Although he called the likely collapse of the Sprint deal "unfortunate" he believes it doesn't disrupt the company's ability to grow at a double-digit rate for top and bottom line growth. Following reports of the possible breakup of the deal of WorldCom shares rose 2 3/16 Tuesday while Sprint shares fell 1 3/16. Sprint is losing another 4 3/8 in Wednesday trading." I had to post this for the simple fact that it doesn't seem like this Grubman character knows what he is talking about. "Best-positioned company in the industry"? How can any communications company without ANY wireless business be considered to be positioned better than everyone else? It just doesn't make any sense! And for this same reason, I don't see Worldcom as being a good takeover target at all. Any international company who wants a US Long distance and data presence should be focusing on those that also have a wireless business (ie Sprint, AT&T), unless of course they have no wireless goals in this country. Once Worldcom is bought, the suitor would have a VERY difficult time then buying another company with a mobile business - just like Worldcom has had trying to buy Sprint. |
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KeithG |
posted 06-28-2000 12:12 PM
Worldcom is soaring today after the merger appeared to have the final nails driven into the coffin. It's up almost 13% at the moment. The speculation is that wcom is now a takeover target, and shares might receive a premium. Interesting how the supposed synergies created by the sprint deal are valued less than a sale. |
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InvestorGuide Daily Administrator |
posted 06-27-2000 06:02 PM
WorldCom pulled its $129 billion acquisition of rival Sprint from European regulatory review Tuesday, just hours after U.S. regulators went to federal court to block the proposed union. Technically the merger is still under review in the U.S. as the companies consider their options. (source: CNNfn) http://cnnfn.com/2000/06/27/deals/worldcom/ With WorldCom's $129 billion purchase of Sprint on the ropes, would-be suitors in Europe may soon be lining up to swipe all or part of Sprint, the No. 3 U.S. long-distance provider, if the merger falls apart. (source: CNNfn) http://cnnfn.com/2000/06/27/europe/sprint_suitors/ |
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belgarion |
posted 06-27-2000 09:07 AM
It seems that they may call off the merger as early as today, rather than face an embarassing vote by the EU or a lawsuit by the FCC. Any ideas as to what happens next? On a side note, my brokerage was pushing Worldcom a couple months ago when it was at 55 as the "perfect buy." Boy, they really got that one right! |
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InvestorGuide Daily Administrator |
posted 06-22-2000 06:36 PM
As posted by Machiavelli: The Financial Times of London is reporting that WorldCom will sell off the entire Internet and long-distance operations of Sprint for $40 billion to $45 billion. The proposed sale would be made to allay monopolistic concerns that U.S. and European regulators have over WorldCom's $115 billion purchase of Sprint. (source: Upside) http://upside.com/News/39511bdf0.html |
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Machiavelli |
posted 06-22-2000 04:21 PM
Worldcom said today that it might be willing to sell $45 billion of Sprint's assets, including their long distance and internet businesses in order to get the merger approved. On the surface, it may seem like to much for Worldcom to give up, but it really isn't. They don't need the long distance business, and they have one of the best network in UUNET. All along, their main goal was getting Sprint's mobile unit, and keeping UUNET. Worldcom would still realize their goals through such a selloff. But my question is, why didn't they just go for a smaller mobile unit like VoiceStream (or someone similar)? Why Sprint, especially because everyone in the world could guess the hurdles they would face? |
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