This is all ya have to know, Mail Call is on GTE Web page.
gte.net
GTE Profits Rise 16 Percent
IRVING, Texas (AP) - GTE Corp (NYSE:GTE - news). reported Thursday its third-quarter
profit rose 16 percent, helped by strong sales of Internet and data services.
The telecommunications company said it earned $952 million, or 97 cents a share, compared
with $822 million, or 85 cents a share, in the same period a year ago.
GTE, which is being acquired by Bell Atlantic Corp (NYSE:BEL - news)., beat the
95-cents-per-share estimate of analysts surveyed by First Call/Thomson Financial.
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Bell Atlantic, set to buy GTE Corp (NYSE:GTE - news). in a $53 billion merger, said a
10-percent rise in third-quarter profits was underpinned by strong growth in its data and
wireless services and demand for such features as call waiting.
Third-quarter revenues for Bell Atlantic, the dominant local phone company in 13 states from
Maine to Virginia, increased 5 percent to $8.3 billion
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