Able Telecom (ABTE) Message Board

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Technology Stocks : Able Telecom (ABTE)

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To: John Chapman who wrote (675)	7/12/1999 11:49:00 PM
From: david james	Read Replies (2) of 700

There are a lot of rumors floating around - many on Yahoo. 1. A buyout of course, with a number of suggestions as to who Lockheed Martin, Dycom etc 2. Large financing arrangement is expected - a line of credit suggested to be up to $200 mill. 3. Major coverage. 4. Major contracts - MCI-Worldcom just bought out the largest telecommunications company in Brazil - and it needs major upgrading. MFS is the logical choice (MFS does about $150 mill/year in work for WCOM). 5. EZ Pass about to be announced that they have completed the VPC. 6. All of the above It isn't really acting like a short squeeze - although I am sure that is part of it. It looks like several groups are trying to accumulate large numbers of shares in a hurry. I think we can get to $15 $20/share on just their current fundamentals, to get higher needs one of these to be true. And certainly something is up. David

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