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Technology Stocks : GTE
GTE 4.315+5.8%Nov 7 9:30 AM EST
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To: Ali Shahbaz who wrote (386)10/21/1997 9:24:00 AM
From: Mohan Marette   of 671
 
Ali,
I just want to respond to your question as to why B.T didn't raise its
bid for MCI.From what I gather British companies are rather conservative and not as daring as their counterparts in the U.S. I recently read somewhere about how the British pretty much lost the Investment Banking business to others,particularly to the American Compaines, 'cus they didn't want to take too much risk and invest the kind of money that is required.What is interesting though is that the British used to be the premier Investment Bankers,but alas! no more.
Just a thought.
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