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Technology Stocks : STAR Telecommunications (STRX)

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To: JakeStraw who wrote (549)2/23/1999 4:59:00 PM
From: Spaw  Read Replies (1) of 780
 
details on the coverage:
2/23/99 1:02 pm... STAR TELECOM (STRX 12-7/8) UP 1-1/8, PRUDENTIAL INITIATES COVERAGE WITH STRONG BUY... Analyst Guy Woodlief tells salesforce co. US-based international long distance wholesale co. providing capacity for smaller carriers... Says STRX is gross margin expansion story which he expects will grow from 14% to 19% in '99, to 21% by year-end '00... Expects co.'s retail business to expand significantly, eventually represent most of overall revenues... Sees $0.32 '98 EPS, $0.38 '99, $0.86 '00... Feels strong buy rating appropriate with expectation of explosive EPS growth for next two years... Has $22 target./B.Brodie
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