Sunday, January 30, 2005

The New York Times > Business > MCI May Be New Belle of the Acquisition Ball

The New York Times > Business > MCI May Be New Belle of the Acquisition Ball: "But is MCI a worthy second prize to AT&T?
Despite its woes, MCI has plenty going for it. It emerged from bankruptcy in April 2004 with less debt relative to AT&T and has $5.6 billion in cash on its balance sheet. The chief executive, Michael D. Capellas, has cut thousands of jobs, retreated from the consumer phone market and introduced software services to complement its extensive data network.
MCI is also relatively cheap, with a market capitalization of just $6.5 billion, less than half of AT&T's."
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