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Technology Stocks : Avtel Communication (AVCO)
AVCO 2.120+2.4%Oct 31 3:59 PM EST

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To: Dale Baker who wrote (307)11/14/1998 1:42:00 PM
From: Arthur Radley  Read Replies (1) of 461
 
The news released by the company yesterday afternoon doesn't bode well for the longs on Monday IMO. It appears now they aren't "rolling out" this service on a nationwide basis but rather it will be limited to Santa Barbara,California. Can a service limited to one small city in America justify a stock price of $31.00? With news implying "nationwide" and now back to just one city, makes one wonder if this wasn't a planned hype job.(IMO)
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