Company Profile
MCI WorldCom provides telecommunications services from a network of fiber optic cables, digital
microwave, and satellite stations. These services are sold to businesses, governments, and retail
customers.
In May of 1999, WorldCom announced their plans to take-over SKYTEL.
Acquisition Costs
January 12, 1999
| Buy |
|
10 Shares @ 72 1/2 |
|
WCOM
|
|
MCI WORLD COM |
|
$725.00
|
|
|
|
|
|
|
Commission |
|
$14.95
|
|
|
|
|
|
|
TOTAL |
|
$739.95
|
June 1, 1999
| Buy |
|
50 Shares @ 20 1/16 |
|
SKYT
|
|
SKYTEL |
|
$1,003.13
|
|
|
|
|
|
|
Commission |
|
$7.48
|
|
|
|
|
|
|
TOTAL |
|
$1,010.61
|
Capital Gains
June 21, 1999
SOLD 10 WCOM @ 95 1/2
(less commission)
|
|
|
|
|
|
|
Net proceeds from the sale.
|
|
$955.00
|
|
|
|
|
|
|
Less
acquisition costs = net profit before taxes
(Capital Gains) |
|
$200.10
|
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