GTE Message Board - Msg: 2590905

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Technology Stocks : GTE

GTE 4.300

+10.1%

3:59 PM EST

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To: brian chan who wrote (431)	10/30/1997 12:44:00 AM
From: 4-UR-Eyes-Only	Read Replies (3) of 671

<< The combine GTE-MCI may actually have a negative book value. I sure hope Chuck knows he's doing. >> brian, I'm sorry to tell you that CL does not know what he is doing. From fundamental FINANCE point of view, CASH offer DOES NOT make any sense. Like I posted before, if the cash deal goes through, GTE's over $50+ billion debt is only NEXT to US Government!!! On the other hand, if AT&T makes an $65/share offer for GTE, I can guarantee that AT&T stock will move above $55/share in a few days. That means the STREET thinks that the deal REALLY makes sense. Let us all pray that this deal does not go thru except BT is going to chip in with share offering to own 20%-30% of combined GTE/MCI which will reduce the debt by a minimum of $10 billions.

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