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Technology Stocks : Excel Communications

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To: Joe Jackson who wrote (2275)10/16/1997 7:51:00 PM
From: Rob S.   of 2806
 
Earnings came in at 0.31 which was equal to the Zacks forecast. Sales declined 5% due to a decline in marketing revenue and a lowering of rates. Margins increased.

Excel is showing performance at expected levels and is avoiding the margin squeeze and high costs experienced by other carriers attempts to enter the lcoal access market. As expected, this was a groundwork building quarter.

The prospects for expansion look very promising now that the Telco deal is done. You can see the high value placed on entry into the business and LD facilities in the scirmish of GTE, Worldcom and BT to purchase MCI.
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