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| Author | Topic: Worldcom (WCOM) |
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mrcool |
posted 12-01-1999 04:30 PM
 
The rumor got started today when CNBC reported that Lehman Brothers reduced its revenue growth estimates on the long-distance giant. So the fact that Lehman Brothers reduced their estimate is true, but whether the revenue growth actually slows or not is still up in the air. |
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newguy |
posted 12-01-1999 04:07 PM
WCOM is getting hit hard today on rumors that top line growth is slowing. Not sure if the rumors are true or not... |
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smario |
posted 11-13-1999 11:48 AM
Apparently, regulators are NOT going to approve the Sprint/MCI merger because they feel it will be too anticompetitive. There's a story in today's Washington Post about it. I'm really not surprised. |
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InvestorGuide Weekly Administrator |
posted 11-01-1999 09:35 AM
Here's the full earnings report: http://www.wcom.com/cgi-bin/pr/display.pl?cr/19991028 |
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infooverload |
posted 10-29-1999 02:37 PM
Yesterday, MCI Worldcom reported Q3 earnings of $1.1 billion or 55 cents a share, up from $359 million or 19 cents a share last year. Wall Street estimates were 54 cents. |
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Machiavelli |
posted 10-11-1999 02:35 PM
TJ, obviously companies merge to benefit themselves and the shareholders. But those two factors are completely seperate from antitrust regulations; in fact, that's why we have antitrust law - it's to safeguard against companies from only focusing on acts that will benefit themselves and their shareholders. In this case, if the the FCC feels that the merger will not only halt the price decreases, but will actually increase LD rates for consumers, the deal won't be approved. For it to be passed, both companies must prove that consumers will not be worse off because of the deal, and in this case, it will be very hard to prove. Promoting competition is not the only point behind antitrust...such regulation is in place also to protect the consumer's current situation. |
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Trader Joe |
posted 10-11-1999 11:51 AM
Machiavelli, you mention that a spokesman said Worldcom and Sprint would "bear a heavy burden to show how consumers would be better off" if the two companies merged. Is this an FCC requirement? When companies decide to merge, they do it to benefit themselves and their shareholders, rather than their customers (although they might not always admit this). Obviously the situation is different when giants merge, because competition is reduced, which is generally bad for customers... but I don't think the FCC requires that a proposed merger be "good for the people". |
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InvestorGuide Weekly Administrator |
posted 10-11-1999 08:56 AM
Here's an article about the proposed merger: http://www.thestandard.net/articles/display/0%2C1449%2C6787%2C00.html |
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Machiavelli |
posted 10-07-1999 09:13 AM
Federal Communications Commission Chairman William Kennard said at a news conference Tuesday that the proposed merger of the nation's No. 2 and No. 3 long-distance carriers would "bear a heavy burden to show how consumers would be better off," according to a spokesman. MCI WorldCom said it expects to save $1.9 billion in 2001 and $3 billion a year by 2004 by slashing redundant networks and taking advantage of "other operational savings." And as expected, the reason for the deal was the wireless business. People are also afraid of price wars slowing down - but there are still resellers out there who can provide service, go to them if you want. This seems like it's going to be REAL tough to push through the FCC. Maybe MCI should have just bought Nextel when they had the chance? |
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smario |
posted 10-05-1999 09:25 AM
Actually, JJJ, the deal is going to be valued at around $129 billion! Much more than Bell South's (what turned out to be ) $72+billion. Word is that BellSouth may try to find more of a fit with Qwest (they currently have a 10% stake). I don't know the total size of the new merger, but I would be interested to see how it compares if anyone knows. I really think it's a perfect fit - Worldcom really does have all the end to end communications solutions for businesses now. There first order of business in my eyes should be to develop a first rate billing/customer service platform to provide all of these services on one bill with one point of contact. If not, than it doesn't matter if you can provide everything, especially if the customer still feels like they have fifteen different vendors. |
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Joey Joe Joe |
posted 10-05-1999 09:12 AM
smario, I'm sure you heard by now, but Worldcom was able to beat out BellSouth yesterday and the Sprint Board of Directors decided to accept MCI's more than $100 billion offer. It will be, assuming the DOJ and the shareholders approve it, the largest US merger in history. Do you know how this company will rank in size with AT&T? |
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smario |
posted 10-04-1999 09:30 AM
Worldcom now has a bidding war on its hands. Bell South, in an eleventh hour move over the weekend, offered to buy Sprint for $100 billion dollars. It will be interesting to see now that someone has made a public offer, what Worldcom will do and at what price. I'm still unclear as to how Bell South can make this offer, though, since the FCC still to date prohibits Baby Bells from buyin LD companies. |
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InvestorGuide Weekly Administrator |
posted 10-03-1999 08:36 PM
Shareholders of paging company Skytel Communications approved the proposed $1.3 billion acquisition by MCI Worldcom. |
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infooverload |
posted 09-28-1999 09:07 AM
First, I think this merger actually makes great sense. Sprint has been losing momentum everywhere except with their PCS network. And Worldcom has no wireless, so the two fit real well together. Also, I don't think Sprint will care much about selling their Internet business - when was the last time you even heard about that side of the company? Do they even have their own Internet network? To me, these companies are going in opposite directions service wise, so i don't see any monopolistic concerns getting in the way of the deal (if it does happen). Plus, Bell Atlantic may be selling LD sooner than we think. Last I heard, they were going to request permission from the FCC yesterday to sell LD in New York. If I were a piddly little LD reseller right now, I would probably want to cash out and move to the Caribbean - they should all be gone within a couple years. |
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newsman |
posted 09-27-1999 06:31 PM
As that article mentions, regulators probably wouldn't approve the deal until some of the largest U.S. local phone companies get into the long distance market. Bell Atlantic is expected to be the first such company to get into the long distance market, early next year. Also, Sprint would probably have to sell its internet business to win regulatory approval, because MCI WorldCom already has a similar business. These obstacles might make the deal not worth doing. |
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