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Technology Stocks : Concurrent Computer (CCUR)

CCUR 2,500

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Nov 14 9:30 AM EST

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To: ENOTS who wrote (9797)	6/22/1999 4:49:00 PM
From: Christiaan McDonald	Read Replies (2) of 21142

Interesting Time Warner tid-bit: Tuesday June 22, 9:38 am Eastern Time RESEARCH ALERT- Time Warner Focus One pick NEW YORK, June 22 (Reuters) - Merrill Lynch said Tuesday it was highlighting media company Time Warner Inc. as its Focus One selection. -- In a report, analyst Jessica Reif Cohen said the pick was made "in light of an expected series of positive fundamental and strategic announcements over the near term. -- "... In our view, Time Warner remains one of the best-positioned companies to capitalize on the many emerging trends within the media industry: Internet/E-Commerce applications, burgeoning demand for DVD, enhanced cable service offerings and increasing ratings and advertising share for cable networks. -- ''AT&T (Corp.'s) (NYSE:T - news) pending offer to acquire (cable company MediaOne Group Inc. (NYSE:UMG - news)) should remove the necessary hurdle for Time Warner to consolidate'' its control over Time Warner Entertainment (TWE) ''(we expect in 2H99). We expect this to lead to an eventual restructuring of TWE (we expect in 1H00).'' -- The analyst reiterated her buy rating and $85, 12-month price objective. -- Time Warner opened up 1-8/16 to 68-3/16.

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