28-May-98 | point change | % change | |
ISDEX | 139.54 | 3.86 | 2.84% |
ISDEX Price Wtd. | 1,436.69 | -13.78 | -0.95% |
NASDAQ | 1,794.62 | 13.52 | 0.76% |
DJIA | 8,970.20 | 33.63 | 0.38% |
Backbones values are not what they used to be and we’re surprised that MCI’s sold so cheaply since it is one of the world’s most active backbones. Pro forma a merger, WorldCom-MCI, however, will still operate arguably one of the world’s premier backbones through UUNET. On the upside for Cable & Wireless it now gains a foothold in the U.S. theater for Internet services and IP communications yet to come.
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