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Technology Stocks : e.spire Communications (ESPI)
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To: MangoBoy who wrote (403)1/6/2000 10:48:00 AM
From: MangoBoy  Read Replies (1) of 471
 
(NewsTraders.com) -- e.spire Communications (ESPI) was initiated in new coverage today by Ladenburg Thalmann analyst John Bauer, who assigned the stock a "strong buy" rating and 12-month price target of $20.

Bauer said that although the competitive local exchange carrier, or CLEC, has been in the "doghouse" with investors since 1998, e.spire is working on an equity infusion of at least $100 million, which would be good news and drive the stock up 2 to 5 points, in his view.
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