GTE Message Board - Msg: 2462975

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Technology Stocks : GTE

GTE 4.315

+5.8%

Nov 7 9:30 AM EST

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To: halfscot who wrote (330)	10/16/1997 11:32:00 AM
From: Mohan Marette	of 671

A crazy thought:- Halfscot, perhaps this guy Lee anticipated a bid from AT&T and thought if this happend he may not get the top position to run the combined company (but then again i thought he was a leading candidate or the top job!) and hence a pre-emptive strike by way of an offer to MCI,thinking this will lessen the chance of him loosing control.I guess lot of egos and one-upmanship at play. I know, what I just said dont make any sense,but that is all i could come up with so far. I certainly hope someone else could come up with something more substantial and believable thoughts. You see, a whole lot of things just dont make sense,for example we have 8 billion co (WCOM) trying to takeover a 22 billion dollar co (MCI),then we got BT who just reduced their bid for MCI, then we got GTE who thinks buying MCI is a good deal,though it will sustantially hurt the balance sheet,and lastly ATT just running around in cirlce with their tail between their legs over there somewhere in a country club in Virginia under the guise of 'closed door Board meeting' etc.In conclusion, I haven't the foggiest!!!!!!!!!

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