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Technology Stocks : Viatel (VYTL)

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To: Sanjay Jain who wrote (18)	1/14/1998 6:23:00 PM
From: Sanjay Jain	Read Replies (1) of 157

RESEARCH ALERT-5 long-distance telecom cos started NEW YORK, Jan 14 (Reuters) - Lehman Brothers said Wednesday it initiated coverage on five long-distance telecom companies, citing opportunities created by global deregulation. -- STAR Telecommunications Inc (Nasdaq:STRX - news) was rated a buy, with a 12-month price target of $45. STAR was up 1-1/4 at 33-1/4 in morning trading. -- Pacific Gateway Exchange Inc (Nasdaq:PGEX - news) was rated outperform, with a target price of $60. Pacific Gateway was unchanged at 46-3/4. -- Telegroup Inc (Nasdaq:TGRP - news) was rated a buy, with a target price of $25. Telegroup was off 1/8 at 13-7/8. -- RSL Communications Ltd (Nasdaq:RSLCF - news) was rated outperform, with a target price of $30. RSL was off 1/8 at 22-5/8. -- Viatel Inc (Nasdaq:VYTL - news) was rated neutral. It was unchanged at 6-1/2.

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