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Technology Stocks : e.spire Communications (ESPI)
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To: Hope who wrote (180)4/9/1999 1:27:00 PM
From: BRB  Read Replies (1) of 471
 
Don't you guys read the news?

(CBS.MW) -- Shares of E.spire Communications swelled more than 17
percent Friday amid renewed talk that the provider of phone and
high-speed data service could be bought out soon.

E.spire (espi: news, msgs) stock climbed 2 1/4 to
14 13/16 after several news reports suggested the
small company -- it recorded $156.8 million in
revenue in 1998 -- could be acquired by Qwest
Communications International or another big
telecom carrier within a year or two.

E.spire, based in Annapolis Junction, Md., got its
start as a reseller of local phone service. It's now
aggressively moving to offer lucrative high-speed
data access over its own fiber optic network to
telecommuters and small businesses in direction
competition with Bell Atlantic. See Telecom
Report.

All has not been roses for E.spire, however.

The stock had sunk to as low as 4 5/16 in the past year after the
company sustained larger than expected losses in cash flow -- a key
measure of financial health in high-tech sectors. It's also undergone several
management shakeups and is now on its third chief executive in three
years. And the move into the Northeast from its traditional Southern base
will expose the company to more rivals and fiercer competition.

Still, analysts say the company has a good strategic plan. That's prompted
several to call E.Spire undervalued, which, combined with talk of a
buyout, has lift the stock sharply over the past few months.
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