ACC Corp. today story #1 at Schwab's Message Board

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Technology Stocks : ACC Corp. today story #1 at Schwab's

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To: Susan Saline who wrote (28)	6/11/1997 11:32:00 AM
From: Nagaraju R. Arakotaram	of 65

Susan: Thanks for the information. After I bought this morning I saw Merrill initiated coverage this morning with a near term accumulate and long term buy put a price target of 31 and market value of 38 based on 1.5 discounted 98 revenue multiple. Actually I placed the order to buy at the close yesterday at 23 3/8, it didn't get executed. I also noticed some call buys this morning and large block trade. With only 20+M shares outstanding and little public float and also trading at a discount PE multiple, I believe it has long way to go. I also trade short term, and missed many opportunities and in the mean time made and lost money also. Also, Merill quotes that, the deregulation in the telecommunication industry in Canada and US, this is a good consolidation play. One of the baby bells may take over. Raj

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