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To: P.M.Freedman who wrote (4851)	8/9/1999 10:32:00 AM
From: PDL	Read Replies (1) \| Respond to of 11568

It may be the best way to block the way for new competitors and cable players. I like the move. According to the article, this move isn't intended to "block" new competitors but rather is an attack to gain more share of the residential business (this is the first major rate adjustment aimed at this market in some time). I like the move, too, but it appears "the market" doesn't like it -- anytime a company cuts its rates or pricing, it is viewed as a threat to profit margins. So the stock is getting hammered this morning. At some point, close to here, I suspect there will be some serious bargain hunting coming in to pick up shares. I hope that's not just wishful thinking... perhaps we need even more capitulation and resignation before we see a bottom. In a few months time, we'll all look back at $78 and say: that was a real bargain! JMHO.