Today on <I>TSC</I>: WorldCom/Sprint Deal May Finally Disconnect - TheStreet

Today on <I>TSC</I>: WorldCom/Sprint Deal May Finally Disconnect

Plus, retail sales slowed in the second quarter and more consolidation news.
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It looks like that

WorldCom

(WCOM)

and

Sprint

(FON)

deal has fully unraveled. Sprint is trying mightily to save it, and we'll stay on top of the news. But assuming the deal is dead, what happens to the once-hot long-distance provider? What's it worth? Who would be able to take it on? We'll deconstruct what's next.

You've heard a lot of chatter on

TSC

about our

project ranking how well Wall Street analysts perform when it comes to picking stocks. Today, we take an in-depth look at Internet software and services. But there's also some immediate news affecting the big retailers: Sales slowed in the second quarter, but it seems the analysts have not caught up with this data yet. Be sure to check out our

report.

Key stocks:

More consolidation, as Internet traffic auditors

Media Metrix

(MMXI)

bought out

Jupiter Communications

(JPTR)

in a

stock deal.

What you might have missed:

Lots of hype about the human genome breakthrough, but where's the payoff for investors? Check out our behind-the-headlines

analysis.

And does the

Webvan

(WBVN)

and

HomeGrocer.com

(HOMG)

deal really mean smooth sailing for online grocery purchasing? Don't bet on it.

Contest! Win!

Each day, we provide a fun, family-friendly link, based on nothing but random whimsy. If you have one you like and I use it, you'll get a

TheStreet.com

cap. It's such a deal, so send nominations to the email address below.

Today's link:

Those wacky

bureaucrats.

Jonathan Krim is executive editor of TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, though he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. He welcomes your feedback at

jkrim@thestreet.com.