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Technology Stocks : AT&T
T 26.32+0.4%3:59 PM EST

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To: Louis Cristiano who wrote (301)4/22/1997 12:13:00 PM
From: Bob Smith   of 4298
 
[Where are all the experts now?]

Louis,

Remember last month all the analyst upgrades of "T". I would love to
know if the Brokerage Firms took their own advice and bought a
boatload of AT&T. I tend to think not.

The writing was on the wall when John Walter came forward a month or
two ago. Estimated earnings will be between $2.45 - $2.75 for '97.
EPS for Q2 are projected @ $.61/share + $.69 Q1 = $1.30 ... were 1/2
way there.

"T" usually trades at 10 x EPS. I you can figure out what will happen
short term... and remember all this is without RBOC entry into LD.

Bob
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