AT&T Message Board - Msg: 5411687

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Technology Stocks : AT&T

T 25.61

+0.6%

3:59 PM EST

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To: Raptech who wrote (1608)	8/4/1998 10:37:00 PM
From: ahhaha	Read Replies (1) of 4298

ATT was born about one year ago. This company only has its name as what it shared with its past views of its future. The shares have moved from 30 to 65. I believe they will consolidate down to about 50. Given the incredibly bullish actions in which this company has been engaged, a downside move is unimportant. What is important is to be long this stock. I feel the same about UMG but there is more risk there. When the public asks me what they should buy, I say either or both of these regardless of what the DOW or the FED or the usual collection of bag job operators are doing. The core issue is the ubiquitous fiber optic cable delivered broadband services. ATT is a tier one priority investment for the pension funds, but they haven't recognized it yet preferring to let others take the risk. The risk, indeed, for them is not to own. I calculate the funds will pour $100 billion into ATT shares by 2003. I believe they will generate revenues of $130 billion and earn $11/share by then. They should be able to maintain a growth rate of 20% and be fully valued at a multiple of 25. The dividend will grow commensurate with earnings.

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