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Technology Stocks : ICG & Netcom

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To: Oeconomicus who wrote (15)6/20/1998 12:50:00 AM
From: david jung   of 25
 
* Lehman Brothers said that analyst Bill Garrahan raised his
rating on ICG COMMUNICATIONS INC to buy based in part on
expectations for strong 2Qesults. He said ICG to top its earlier
installation target of 45,000 lines, possibly as many as 50,000;
"tops in the sector". Garrahan also expects higher core telecom
gross margins and EBITDA to improve by $6 million. He sees
positive EBITDA by the 4Q(Reuters 11:04 AM ET 06/19/98)

David
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