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Technology Stocks : GTE
GTE 4.315+5.8%Nov 7 9:30 AM EST
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To: M.A. Miller who wrote (429)10/29/1997 4:07:00 PM
From: M.A. Miller  Read Replies (1) of 671
 
GTE down below $42. Looks as though it's suffering from similar MCI sickness which infected British Telecom.

I don't understand why MCI is 35sh if GTE offering $40 cash. I understand time value of money, but MCI was $38 immediately after GTE announcement. To me, this says that GTE offer for $40 cash is not as good as before for some reason. And MCI price doesn't indicate a higher offer from Wcom.

I don't get why MCI trading so low given GTE's cash offer.
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