Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1040)	12/15/1998 11:22:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

[Better late than never:] RESEARCH ALERT - AT&T upgraded to buy NEW YORK, Dec 9 (Reuters) - Schroder & Co. telecommunications analyst Philip Sirlin said Wednesday he upgraded AT&T Corp. to buy from sell and raised the price target to $80 a share from $50 a share. -- said it appears AT&T will continue announcing improvements to its strategic position. -- AT&T on Tuesday agreed to buy International Business Machines Corp.'s global network for $5 billion, the latest in a string of acquisitions and alliances. -- said expects AT&T to forge alliances with new cable television companies in the next few months, which would build on its existing agreement to buy cable television giant Tele-Communications Inc. -- shares of AT&T, the most active issue on the New York Stock Exchange, gained 2-7/16 to 69-3/8. (( Jessica Hall, New York newsroom 212-859-1729))

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