GTE Message Board - Msg: 2371742

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Technology Stocks : GTE

GTE 4.480

+3.8%

3:31 PM EST

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To: Al Serrao who wrote (231)	10/6/1997 10:08:00 PM
From: 4-UR-Eyes-Only	of 671

Comments from CNBC: Sue with CNBC talked about the sucession of AT&T's "BULB" Alen tonight at 6:30 pm in "On The Edge" show. She said " watch out...in the next two weeks...AT&T is going to announce the new chairman with a major deal which includes a merger with GTE and Charles Lee as the new AT&T chairman.....Charles Lee at his late 50's is the ideal candidate for AT&T's chairman who can guide Zeglis for another 3 to 4 years....." Based on the trading pattern of GTE in the last four days, something is going on. GTE has NEVER traded with a GAP UP three days out four days. Guys, this time it could be REAL!!! IMO, he merger price could be $62-$65 range. The offer should be at the high end around $65 to prevent potential bidding war from BT. And I guess AT&T stock will GO UP after the merger announcement. This merger is going to be arount $65 billion and is the MERGER OF THE CENTURY !!! Relatively, GTE has stronger management than AT&T. Zeglis, I agree, is just a clown. He has little operation experience and does not look like a visionary leader. He is not going to be able to handle the challenges ahead of him in the consolidation mode of telecom. industry. \|\|\|:>)

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