GTE Message Board - Msg: 2453148

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : GTE

GTE 4.315

+5.8%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sjp who wrote (305)	10/15/1997 2:44:00 PM
From: 4-UR-Eyes-Only	of 671

NEW YORK, Oct 15 (Reuters) - Wall Street remained weaker in early afternoon trading but several telecommunications stocks were active amid reports that GTE Corp GTE.N was about to make a bid for MCI Communications Corp MCIC.O. "We are seeing a mixed reaction here. People are really making speculative moves on this," said trader Paul Rich of BT Brokerage. The American Stock Exchange's index of telecomms shares was up 3.70 points at 541.14 despite a weaker Dow and Nasdaq. Trading in MCI and GTE Corp has been halted. SBC Communications Inc SBC.N was trading at a 52-week high of 65-1/16, up 1-2/16 on the day. Ameritech Corp AIT.N was up 15/16 at 68-7/8, with BellSouth Corp BLS.N up 13/16 at 48-7/16. Bell Atlantic Corp BEL.N was up 1-15/16 at 82-3/16. At 1400 EDT/1800 GMT the Dow was off 30.94 points at 8066.35. The Nasdaq was off 11.22 points at 1721.57. The long bond was 21/32 weaker to yield 6.41 percent. REUTERS Rtr 14:10 10-15-97 ================================================================ The street is giving its rating on GTE's move. And the rating is : F+++. "What a dumb move!" the Street said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next