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Technology Stocks : Intermedia Communications ICIX
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To: whperk who wrote (103)3/30/1998 4:23:00 PM
From: David H. Zimmer   of 313
 
Nothing that we have seen or heard on the street -- there has been an overall selling off of the CLEC area over the last few weeks. In our estimation, we would expect a selling climax allowing for a buying opportunity over the next few days.

We have been a buyer of this security since it was first recommended to us by the late Darryl Edmunds of Bear Stearns. We continued to follow the recommendation of Bear's current analyst Jim Henry. I know of no change in position but realistically, the stock was $15 a year ago so profit taking could be to blame.

Chart remains positive and more than likely any overbought condition will be ameliorated with this decline.

Zimmer
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