WCOM Message Board - Msg: 12174789

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Technology Stocks : WCOM

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To: Jim TenIron who wrote (5466)	12/2/1999 11:55:00 PM
From: P.M.Freedman	Read Replies (2) of 11568

Today, Paine Webber reiterated buy rating and expected stock to rebound after the sell-off. Morgan Stanley reiterated outperform, but lowered their estimates of the growth in voice revenue. CIBC/Oppenheimer maintained strong buy rating and believed that strong revenue growth from acquisition of Sprint. Although Lehman lowered their revenue estimates, they reiterated strong buy rating and set a target price at $110. However, Salomon Smith Barney' target price was still at $130 and called for buying on weakness. I too believe that current prices are good bargain. It might be the last chance to get in at such prices. Under the leadership of BernieE, WCOM will finally beat AT&T to become the number one telecommunication company in the US and the world.

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