STAR Telecommunications (STRX) Message Board

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Technology Stocks : STAR Telecommunications (STRX)

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To: DD™ who wrote (444)	11/12/1998 1:27:00 PM
From: Spaw	of 780

2D: We're back in a sloppy trading pattern for a while now. That's it. That's all she wrote. Dumped ALL my options. Next excitement will be the Dec. 2 shareholder meeting and then the PT-1 deal. --spaw-- _________________________________________________ LOS ANGELES, Nov 12 (Reuters) - Jefferies & Co. Inc. Thursday cut its rating on shares of Star Telecommunications Inc. to accumulate from buy based on its belief the company's stock is approaching a fair market value. -- company is a wholesale provider of network switches for international long distance telecommunications. -- said market is seeing increasing competition from major players like AT&T Corp (NYSE:T). -- said company represents a very attractive acquisition candidate, but such a deal could be over two years away. -- Star shares were off 2 at 14-7/8 by mid-afternoon. --spaw--

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