Word: mci
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Armstrong's bold stroke posed such a change in the competitive landscape that various players along the communications-company continuum spent a few desperate days last week searching for ways to keep MediaOne out of AT&T's hands. Internet power America Online, software supremo Microsoft, telecom giant MCI Worldcom and cable's Comcast (which made the initial $48 billion bid for MediaOne that AT&T overwhelmed) all huddled at various times because each had something to lose. AOL, for instance, could find its access to cable-modem customers blocked and its booming online-content business threatened...
...have needed this deal more than anyone else did. While the company posted a healthy $1.78 billion profit last quarter (in 1998 it earned $5.4 billion on sales of $53 billion), its core long-distance business suffered a 3.4% decline in the face of stiff competition from MCI WorldCom and Sprint. Also worrisome: AT&T's wireless-telephone business is in danger of being lapped by Sprint PCS. MediaOne provides AT&T with sorely needed growth opportunities in previously closed markets, particularly local telephone. "That's what AT&T really knows how to do," says Armstrong. "We're going...
...Fidelity Magellan manager Robert Stansky seems a bit wary. Over the past few months, Stansky has lightened his tech load, from 25% to 20%, replacing Intel and Lucent at the top of his portfolio with Citigroup and Time Warner [parent of TIME's publisher]. He still has Microsoft, MCI WorldCom, AOL and Cisco (along with GE, Home Depot, Wal-Mart and Merck) at the core, a strategy that's working; so far, he's still beating the S&P, with a 12% return this year...
...TELEVISION Senior PGA Champs., ESPN, 12 p.m. MCI Classic (PGA), NESN, 1:30 p.m. White Sox at Red Sox, NESN, 6. p.m. Bruins at Penguins, ESPN, 7:30 p.m. WCW Thunder, TBS, 8 p.m. Burn at Fusion (MLS), ESPN2, 8 p.m. Blues at Coyotes, ESPN2, 10 p.m. Dodgers at D'Backs, NESN...
...FORTRESS PLAY AOL was already America's darling (You've got mail!); Netscape adds a big browser and merges Netcenter's daytime business users with AOL's night owls. Last week MCI chose AOL's CompuServe as the portal for its new Internet service...