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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Carl Pergler who wrote (6441)3/25/1998 2:21:00 PM
From: Jenna  Read Replies (1) of 120523
 
Carl Pergler: RESEARCH ALERT - IXC Communications <IIXC.O>

LOS ANGELES, March 25 (Reuters) - Hambrecht & Quist LLC on
Wednesday started coverage of telecommunications provider IXC
Communications Inc with a buy rating, due to its position for
capturing some of the rising demand for broadband services.
-- said IXC could eventually be a "prime target" company in
the industry consolidation that is now beginning.
-- sees revenue growth of 50 percent in 1998 to a total $636.9
million from $421 million in fiscal 1997.
-- Shares of IXC were up 3/16 at 59-3/4 by mid-afternoon.
((Los Angeles newsdesk, 213-380-2014, fax 213-622-0056))

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