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Technology Stocks : Viatel (VYTL)

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To: debra vogt who wrote (143)3/7/2000 11:39:00 AM
From: debra vogt  Read Replies (1) of 157
 
RESEARCH ALERT-CSFB focus list adds Viatel

March 7, 2000 05:40 AM
LONDON, March 7 (Reuters) - Credit Suisse First Boston said on Tuesday it added telecommunications services provider Viatel Inc. to its European focus list of top stock picks.

It said the company trades at only 4.5 times estimated 2000 sales, compared with a peer group average of nearly 20 times.

CSFB said Viatel's purchase last week of AT&T Corp.'s T UK unit for $125 million in cash helped see through the company's business plan by providing business customers and a UK network.

((Elisabeth Eaves, London newsroom, +44 171 542 6701, fax +44 171 542 2120, uk.equities.news@reuters.com))

REUTERS

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