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| Author | Topic: Worldcom (WCOM) |
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InvestorGuide Weekly Administrator |
posted 09-26-1999 12:40 PM
 
MCI WorldCom, the second-largest U.S. long distance phone company, is in talks to buy Sprint, the third-largest, to create a company to rival AT&T with about $35 billion in annual sales, according to a Wall Street Journal report. But the newspaper said no deal is imminent and significant obstacles remain that could scuttle a pact. http://news.cnet.com/news/0-1004-200-123044.html |
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smario |
posted 09-20-1999 09:30 AM
MCI WorldCom said it expects more than half of its total revenue to come from the Internet by 2004, up from one third this year. I don't doubt the prognostication (actually seems rather low to me), I would just like to see it broken down more. Since UUNet mostly sells to wholesalers, I am wondering if that's where the revenue will be, or will it be a shift in focus back to businesses, or even residential access, or will it be something like Voice over IP for everyone? I like the goal, I'm just wondering how they plan to get there... |
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newsman |
posted 08-18-1999 01:22 PM
Here's an article about MCI Worldcom's recent network problems: http://cbs.marketwatch.com/archive/19990818/news/current/telecom.htx |
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daffy |
posted 08-13-1999 05:20 PM
ISPs say MCI Worldcom's outage could kill businesses: http://www.news.com/News/Item/0,4,0-40499,00.html |
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Machiavelli |
posted 08-10-1999 09:41 AM
Ah, just what we need to get the party started in August - a long distance pricing war among the big boys. MCI, after residential rate drops by AT&T and Sprint, has decided to extend their $.05/minute plan to cover both weekends and week evenings. These kind of events seem to happen in a big profile way once every year and a half, and usually results in lowering the pricing bar across the board - a positive for consumers. All the resellers have to follow suit to stay in the game. Of course the key is still understanding the program exactly, as well as how the billing works (never get one through your local bell!), but still, it's always great when the big boys fight to see who can offer the lowest prices. |
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InvestorGuide Weekly Administrator |
posted 08-02-1999 10:05 AM
Latest earnings report: http://www.wcom.com/about_the_company/press_releases/archive/1999/19990729-2.shtml |
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diligence |
posted 07-21-1999 09:43 AM
Salomon Smith Barney included WCOM on its latest annual top stocks list. Here's what they like: - the forward P/E of about 28 matches 5-year annual earnings growth expectation. - WCOM is focusing on high-growth areas, such as data, internet and international. - earnings visibility going forward is very high. - they're financially strong, with good earnings, high free cash flow, and low debt. |
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newsman |
posted 07-08-1999 02:18 PM
Byron Wien at Morgan Stanley Dean Witter just put WCOM on Morgan's "fresh money buy" list. |
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techbull |
posted 07-05-1999 09:21 PM
MCI WorldCom is expected to have slower voice revenue growth in the second quarter, PaineWebber analyst Eric Strumingher said. Analysts said the company's shares were hit following comments from Strumingher, who trimmed his estimate for year-over-year consolidated revenue growth for the second quarter to a range of 16 to 16.5 percent from 17.2 percent. The company's shares fell 7.5625 to 86.0625 on 55.8 million shares, making it the most actively traded stock in U.S. markets today. MCI WorldCom's revenue, excluding that from data and Internet services, is expected to increase by 6 percent in the quarter, down from 7 percent in the first quarter and 8.5 percent in the year earlier, Strumingher wrote in a report. That should help keep MCI WorldCom's second-quarter profit from exceeding his 45-cents a share estimate, Strumingher said. The company is expected to earn 44 cents, the average forecast of analysts surveyed by First Call. |
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smario |
posted 07-01-1999 09:56 AM
I can't seem to get a finger on the enforcement policies of the Justice Dept regarding antitrust. They seem to pick and choose random cases. Yesterday, The telecom industry was "shaken to the core" on news that the Justice Department is investigating several long-distance firms' undersea cable businesses for possible anti-trust violations. The stocks of all companies involved fell, but the news hit WCOM the hardest, as the stock fell 7 9/16 to 86 1/16. How does 'several firms' equate with antitrust violations? Seems like clear competition to me (or else how did Global Crossing get in so easily last year?) Justice focuses on this at a time when they are leaning towards validating the new AT&T monopoly! I give up... |
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infooverload |
posted 06-10-1999 03:39 PM
WCOM lost 2 to 88 15/16 after CEO denied speculation that they are in merger talks with Sprint, which fell 1 1/8 to 55 3/8. Here we go again. So based on the Skytel fiasco, are we to assume that they are in merger talks with Sprint? Haven't they lost all credibility with regards to remarks to the press? And according to the NSOL website, the domain name sprintworldcom.com has been registered...though by whom, now that is the mystery!  |
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infooverload |
posted 06-07-1999 10:51 AM
Two things on the potential Worldcom problems: a class action suit has been filed by Skytel Shareholders against MCI because of the statement made regarding the Skytel acquisition, and the SEC is looking into potential illegalities regarding this statement as well. Stupid move MCI, you may end up regretting that statement. (If I find the story online, I'll post it) |
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newsman |
posted 06-01-1999 04:30 PM
The full story about this was on the MarketWatch site until today (at http://cbs.marketwatch.com/archive/19990525/news/current/wcom_skyt.htx ) but now that page is mysteriously gone. Curious... |
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infooverload |
posted 06-01-1999 09:09 AM
One of the commentator's CNBC said over the weekend don't be surprised if the SEC comes down on Worldcom real hard for the Skytel announcement. Reason: Last week, rather than saying 'No Comment' or 'We are in talks', an MCI spokesman publicly blamed an unidentified internal employee for spreading the rumor, and basically said that there were no talks taking place between MCI and Skytel. If the SEC feels that investors took this public comment by MCI at face value and sold stock because of it (thereby getting burned by the announcement of the takeover on Friday), Worldcom could get severely punished for lying to shareholders (or potential shareholders). My personal feeling is that Worldcom should get punished - a precedent of justifying boldface lying to stockholders should not be allowed. |
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InvestorGuide Weekly Administrator |
posted 06-01-1999 08:28 AM
MCI WorldCom, the second-largest U.S. long-distance phone carrier, said it will buy paging provider SkyTel in a deal valued at about $1.3 billion. http://www.skytel.com/skytel.nsf/about/merger_press.html |
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