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Technology Stocks : GTE
GTE 4.350-2.1%3:59 PM EST
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To: Al Serrao who wrote (196)8/12/1997 5:07:00 PM
From: Jack L. Dlugach   of 671
 
Al: I haven't seen anything else but maybe the stock buyback is helping a little bit--that's not a lot of shares against the number of outstanding but might be some help. Also, generally positive stories about GTE's outlook might be giving some help--most of the blue chips are very high p/e's and the telco stocks are among the more reasonable--three big telco holdings I have are SBC, NYN, GTE--all three were up over the last couple of days but NYN closed down a bit today--GTE and SBC both closed up.
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