MCI Communications (MCIC) | Stock Discussion Forums

To: ironROD who wrote (1636)	6/14/1998 7:43:00 PM
From: Sauron	of 1692

Best bets on the acquirer of MCI's entire internet business (which I think will be sold in one piece) are C&W, Williams, and BT. I think the regulators are hell bent on making sure that the buyer becomes a viable player in the internet space. That's why it needs to be a pretty sizable entity with credibility. The ability to pay in cash is important, WCOM won't want to have to dispose of anyone's paper. The surprise will be a big jump in the price they get for selling an incremental $110mm in run rate revenues. Since the buyer is getting the full array of ISP, corporate, and residential internet customers the revenue multiple will be a lot higher. I'll bet they get at least 4x run rate revenues this time (4x $330mm). That will make the bitter pill less painful.

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To: PDL who wrote (1641)	6/26/1998 9:45:00 PM
From: wonk	of 1692

June 22, 1972 (NASDAQ) ...The initial public offering was fully subscribed. Blyth sold 3.3 million shares at $10 per share. providing MCI with just over $30 million and a valuation of over $120 million. Only COMSAT, a telecommunications company with significant congressional, governmental, and AT&T backing had been able to raise as much money so quickly in the developmental stages. And only COMSAT rivaled the $100 million plus value that investors had accorded the emerging venture company that had neither earnings or cash flow.... The History of MCI: The Early Years. Philip L. Cantelon. 1993 Heritage Press. Dallas. Page 122

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