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Technology Stocks : GST Telecom. Unfollowed and Unloved?
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To: Steve Landrum who wrote (8)5/16/1996 10:47:00 AM
From: gordon mac leod   of 47
 
Steve,
The reason for the lower close today is most likely a little bit of profit taking after a recent run-up in it's price. As far as the earnings report of yesterday I agree with you that it should not come as a great surprise to anyone who follows this industry.One possible reason that it may have affected the stock today is that the earnings were supposed to come out before the market opened, however there was a delay and they did not report till about 30 minutes prior to the close of the market. This may have spooked some short term traders.

As for the news release yesterday, everyone should take a long hard look at what it said. This company is going to grow very rapidly and agressively in the next couple of years. The installations of the switches are very important to the company. Without getting into details, I would also like to point out that one of the impressive growth areas for this company will be in the Hawaian Islands. The potential there is enormous. They have made some very strategic moves there in the past couple of weeks. The market has not evaluated this into the stock price yet, but it soon will.

In any event the story is just beginning with this company and I expect you will be hearing all kinds of interesting things coming from them soon.

Gord.
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