PGEX Pacific Gateway Exchange,INC. Message Board

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Technology Stocks : PGEX Pacific Gateway Exchange,INC.

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To: dj8000 who wrote (44)	11/4/1998 12:07:00 PM
From: Doug Robinson	Read Replies (1) of 95

Here's the news RESEARCH ALERT - Salomon details Pacific Gateway Reuters, Wednesday, November 04, 1998 at 11:52 NEW YORK, Nov 4 (Reuters) - Salomon Smith Barney made the following comments after starting coverage of Pacific Gateway Exchange Inc. (NASDAQ:PGEX) with a buy rating. -- Analyst Jack Grubman sets a 12 month target of $60 per share, and an 18-24 month target of $90. -- Salomon expects Pacific Gateway to be able to sustain a growth rate in excess of 50 percent for the next five years owing to its global network, participation in high growth industry and strong management team as demonstrated by the fact that the company has posted 18 consecutive profitable quarters without any debt. -- As forthcoming announcements regarding Pacific Gateway preselling bandwidth, Grubman said its 18-24 month share price target could become its 12-18 month target. -- Stock up 10-7/8 at 40. Copyright 1998, Reuters News Service

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