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To: Jenna who wrote (72784)	11/22/1999 12:53:00 PM
From: kha vu	Read Replies (1) \| Respond to of 120523

Monday November 22, 11:00 am Eastern Time RESEARCH ALERT - Western Wireless raised NEW YORK, Nov 22 (Reuters) - PaineWebber said Monday it raised wireless telephone company Western Wireless Corp.'s (NasdaqNM:WWCA - news) price target to $75 from $65. -- said it expects AT&T Corp. (NYSE:T - news) to announce at its December 6th analyst meeting that it will issue a tracking stock of its wireless business. This separation could accelerate its acquisition plans. -- said AT&T's wireless cash flow margins have come under pressure largely because of its payment of roaming charges to rural wireless operators like Western Wireless. -- said $100 a share is an appropriate takeover price for Western Wireless. -- said the closing of a potential acquisition of Western Wireless could be affected by the timing of the tracking stock issuance by AT&T and tax implications of purchasing Western Wireless since it spun out VoiceStream Wireless Corp. (NasdaqNM:VSTR - news) earlier this year.