General Instrument Corp.'98 (GIC) Message Board

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Technology Stocks : General Instrument Corp.'98 (GIC)

GIC 31.26

+0.6%

Jan 13 3:59 PM EST

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To: matt gray who wrote (549)	3/26/1999 9:19:00 AM
From: louis mason	Read Replies (1) of 615

I don't know who this analyst is, but his recommendation seems to have helped a little: "Thursday March 25, 12:22 pm Eastern Time RESEARCH ALERT - General Instrument upgraded NEW YORK, March 25 (Reuters) - Interstate/Johnson Lane analyst George Hunt upgraded shares of television, Internet, and data services equipment maker, General Instrument Corp. (NYSE:GIC - news) to strong buy from long-term buy on Thursday. -- Hunt said in a research note: ''General Instrument is currently trading at a discount to its 1999 price-to-earnings ratio of 30.2 times and three-year earnings per share growth rate of 37 percent (the industry average three-year growth rate is 20.5 percent.) We believe this is a good time to buy shares of General Instrument stock.'' -- Says the company is growing faster than the industry and ''will maintain this lead in 1999 and continue to grow faster than the industry.'' -- ''We believe General Instrument will meet or beat our first quarter estimates.'' -- Hunt's EPS estimate for first quarter 1999 are $0.18 on revenue of $500 million, compared to $0.13 during the same period a year ago." lmason

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