GTE Message Board - Msg: 1800247

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Technology Stocks : GTE

GTE 4.375

+0.5%

10:56 AM EST

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To: jessej who wrote (143)	7/20/1997 3:29:00 PM
From: Jack L. Dlugach	of 671

Jesse: GTE has many desirable assets and the shrewd management team that knows how to build on those assets--the BBN deal, as expensive as it was, will end up being a brilliant fit with this company. Profits are expected to take a big hit for the next year or so but after that the sky's the limit. Any potential acquirer will be drooling over those prospects especially after the faux pas that BT made in going after one of the weak LD companies--anybody with half a brain should have realized that the entrenched local monopolies are hard-wired into most homes and businesses and that's the front and end of the telecom loop. So to make a short answer even longer than you asked, I'd say a 25% premium over the market price--and I expect the market price for SBC, NYN, and GTE to go up nicely this week--that's why I bought all three. Let's say that GTE goes up to 60--not too far-fetched--and add 1/4 to that to get about $75. HEY--I'll take it! :)

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