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Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Rob Preuss who wrote (2)	11/15/1999 2:52:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

Ing Barings starts coverage with a "BUY" recommendation... Monday November 15, 1:29 pm Eastern Time RESEARCH ALERT - Mexican telecoms started MEXICO CITY, Nov 15 (Reuters) - ING Barings on Monday initiated coverage of Mexican telecommunications group Telmex (NYSE:TMX - news) with a hold recommendation, saying a recent rise in Telmex share prices made the stock less attractive. Meanwhile the brokerage arm of the investment bank began coverage of Mexican cellular telephone business Iusacell (NYSE:CEL - news) with a buy rating, calling it ``an attractive, unique pure-play on the Mexican wireless industry.' Telmex is Mexico's largest publicly traded company and one of the most heavily traded foreign stocks on Wall Street. ``Telmex is the best performing stock in the Latin telecom sector -- up 103 percent year to date and now close to its 52-week high,' analyst Jeannette Baez wrote in a research report. ``Telmex should remain a defensive play on Latin America and a liquid Mexican market proxy.' As for Iusacell, Baez said: ``The company is positioned to benefit from the enormous growth prospects of that sector and could benefit from a potential consolidation with cellular companies in the north ... as well as a possible alliance with TISA.' TISA is a subsidiary of Spanish telecommunications firm Telefonica .