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Technology Stocks : GTE -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (660)	1/5/2000 1:03:00 PM
From: Rob Preuss	Respond to of 671

[GTE rated "Strong Buy". Price Target $124.] Wednesday January 5, 12:26 pm Eastern Time RESEARCH ALERT-Telecom wireline sector started NEW YORK, Jan 5 (Reuters) - Credit Suisse First Boston on Wednesday said it has initiated coverage of the U.S. telecom services wireline sector, recommending companies to buy and setting price targets. -- Four positive factors will drive up sector valuations, said analyst Dan Reingold. Those include: 1) accelerating industry revenue growth driven by data/Internet and wireless demand; 2) using tracking stocks to unlock growth and; 3) more consolidation, which will provide take-out premiums to the acquired and produce better efficiency; and 4) enormous upside potential due to cheap valuations relative to the S&P 500 and European and United Kingdom companies. -- Recommended as a strong buy with 12-18 month price targets are: -- AT&T Corp. (NYSE:T - news), with a price target of $94. Shares of the company were trading up 7/16 at 51-13/16 in trade on the Nasdaq stock market. -- GTE Corp. (NYSE:GTE - news) and Bell Atlantic Corp. (NYSE:BEL - news), with a price target of $124 for GTE and $102 for Bell Atlantic. Shares of GTE were up 3-3/16 at 68- 11/16 and shares of Bell Atlantic were up 2-5/8 at 59-15/16. Both trade on the New York Stock Exchange. -- MCI Worldcom Inc. (NasdaqNM:WCOM - news) and Sprint Corp., with a price target of $81 for MCI WorldCom and a price target of $114 for Sprint. Shares of MCI WorldCom were up 3/8 at 49-7/8 on trade on the Nasdaq stock market. Shares of Sprint were up 7/16 at 64-5/16 in trade on the Nasdaq stock market. -- Qwest Communications International Inc. (NYSE:Q - news) and U S West Inc. (NYSE:USW - news), with a price target of $63 for Qwest and a price target of $109 for U.S. West. Shares of Qwest were down 6/16 at 39-7/16. Shares of US West were down 5/16 at 66-3/8. Both trade on the New York Stock Exchange. -- Companies rated a buy were: -- Global Crossing Ltd. (NasdaqNM:GBLX - news), with a $65 price target. Shares of Global Crossing were up 1 at 47-3/4 in trade on the Nasdaq stock market. -- Bell South Corp. (NYSE:BLS - news), with a price target of $65. Shares of Bell South were up 1/8 at 44-11/16 in trade on the New York Stock Exchange. -- SBC Communications Inc., (NYSE:SBC - news) with a price target of $74. Shares of SBC were up 3/4 at 44-15/16 in trade on the New York Stock Exchange. -- Williams Communications Group (NYSE:WCG - news), with a price target of $38. Shares of Williams were up 15/16 at 27- 15/16 in trade on the New York Stock Exchange. -- RSL Communications Ltd. (NasdaqNM:RSLC - news), with a price target of $45. Shares of RSL were up 1/16 at 18-9/16 in trade on the Nasdaq stock market. -- Broadwing Inc. (NYSE:BRW - news), with a price target of $46. Shares of Broadwing were down 1-1/8 at 32-7/8 in trade on the New York Stock Exchange. -- Alltel Corp. (NYSE:AT - news), with a price target of $103. Shares of Alltel were down 9/16 at 77-7/8 in trade on the New York Stock Exchange.