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Technology Stocks : GST Telecom (GSTX) 4th quarter earning -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (281)	1/10/2000 4:55:00 PM
From: Rob Preuss	Respond to of 369

Paine Webber's Hodulik offers remarks on GSTX (January 10, 2000) GST Telecom (GSTX-$9.47)[2](BUY): Poised for January Rebound, January 3, 2000 - We believe asset sales, long haul capacity deals and attempts to monetize other investments will likely improve the company's liquidity, giving it time to reestablish a track record of solid results after its third quarter let down. First, the sale of the company's stake in its Hawaiian network which is expected to close by the first quarter that could net the company roughly $25-30 million. Second, additional capacity sales similar to the Williams contract could net the company roughly $20-40 million in cash. Third, liquidation of the company's holding of GBT should provide roughly $44 million in cash. Lastly management has suggested that the company was close to receiving an investment in excess of $100 million. Such an investment could improve the balance sheet and provide affirmation from "smart money." These potential sources of liquidity should fund the company into 2001. We believe these funds would allow the company to concentrate on its core business, allowing it to regain its footing for a more solid growth trend. Source Message 12519941