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Technology Stocks : GST Telecom (GSTX) 4th quarter earning
GSTX 0.01000-33.3%Dec 3 10:47 AM EST

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To: Larry Myers who wrote (31)5/1/1997 10:17:00 PM
From: mminsch   of 369
 
Larry- appreciate your comments & agree with your long term thinking.
I did want to mention one common misperception, one that probably
accounts for some of the lack of following in the company. GST is no longer
a "development stage" company. They have made the transition to a full
service, facilities based clec that is fully operational in 22 cities,
growing revenue well in excess of 100% and will equal the run rate
of Brooks Fiber at $100 million plus for the year (ends Sept. 30) They are
cashflow breakeven already in thier early cities and show very positive
cashflow trends in their network buildout. With 1,000 employees, they
are looking more & more like the viable competitor they are. While they
do still have cities under development, most of the other clecs do also, including
Brooks, ICG and Intermedia. Long term may not be that long with the
consolidation that is likely to come in the industry over the next 12 months...
Good Success.....
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