Bolt, Beranek & Newman [BBN] Message Board

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Technology Stocks : Bolt, Beranek & Newman [BBN]

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To: Ish who wrote (264)	5/13/1997 9:21:00 AM
From: DWB	of 307

Let the buying begin.... GTE Corp. (GTE) said its GTE Massachusetts Inc. unit started a $29-a-share cash tender offer for BBN Corp.'s (BBN) common shares outstanding. In a press release Tuesday, GTE said the offer is conditioned upon, among other things, the tender of two-thirds of the shares outstanding. GTE said the offer and withdrawal right are scheduled to expire at midnight EDT June 9. On a personal note, for all the moaning about how GTE is stealing BBN, you have seen almost a double in the stock price over a period of a few weeks, and this is for a company that is scheduled to lose $2 a share this year??? Take the money and run. Or better yet, invest it in GTE, which has a fantastic outlook going forward, not to mention a sizeable dividend... DWB

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