Word: sprint
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...phone gods would rather focus on things like last week's $115 billion merger of MCI WorldCom and Sprint. It's a record-size deal befitting record-size egos and has implications for Wall Street, where they're trying to identify tomorrow's survivors--and the targets those companies will swallow today. If you want to play, look for AT&T, MCI WorldCom, Bell Atlantic and SBC to survive; their targets include many small cable and wireless companies, along with such big outfits as Bell South, Global Crossing, Cincinnati Bell, Qwest and Nextel...
...Antitrust concerns have been raised because an important competitor is being removed. But with Internet and regional Bell companies creeping into the picture, long-distance rates--now about as low as they've ever been--are unlikely to spurt higher. In the long run, the MCI WorldCom-Sprint combination may push us a little faster to telecom nirvana: one-stop shopping for local, long distance and wireless service; Internet access; and cable TV. Imagine all those connections in one jack (plus wireless) and a single bill based on how much data flows through the electronic spigot. We're headed there...
Could it be true ? that in the big, bad world of American business, money isn?t everything? Sprint board members are mulling a pair of monster cash-and-stock takeover offers from fellow telecom giants MCI-WorldCom ($65 a share) and BellSouth (an eleventh-hour $72 a share, both according to the Wall Street Journal). But though both offers could be the better part of $100 billion, CNNfn reports that Sprint will choose MCI?s poorer dowry in a vote as early as Monday. What gives? The reason may be that a lack of post-handshake regulatory headaches...
...long how thatcould take." The stock market, meanwhile, doesn?t seem to much care who wins; as long as big companies are throwing their weight around again, traders don?t even have time to worry about the Fed (meeting tomorrow. The smart money?s on no rate hike). Sprint shares were hopping Monday on the news of a duel for the maiden?s hand, and the Dow and NASDAQ alike were following suit. At least some folks still know the value of a wheelbarrow-ful of the green stuff...
...Angeles Olympics ran on its roads. So acute is Mission Viejo's awareness of sports that keeping athletic talent a secret is impossible. Dale Herring, 53, went out for his usual walk and jog with his wife Kathryn one morning a few years ago; on impulse, he decided to sprint around a curve, something he had not done in 30 years. Inevitably, he was spotted. The observer, a collegiate coach, urged Herring to run competitively...