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Technology Stocks : GTE
GTE 3.770+7.1%12:28 PM EST

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To: Tim Bagwell who wrote (570)7/29/1998 2:53:00 PM
From: ricky  Read Replies (1) of 671
 
Here is my opinion on the GTE-BEL merger:

1. GTE shareholders should have received a multiple
equal to the share price of approximately 58. This
was the price when the merger was announced. This
was unfair and disrespectful behavior from GTE
management.

2. GTE will sell non-core assets. This will improve their
credit ratings and impress the Wall Street community.

3. GTE and BEL will add to future earnings by the
tremendous cost savings that will result from the
merger.

4. The "acqusition anchor" is now gone. Wall Street has always
feared GTE would make a very costly acquisition.

5. GTE and BEL will be a very powerful company and the stock
will appreciate significantly.

Ricky
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