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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (40393)	2/16/2000 8:58:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

Les: A little rotation encouragement? 8:22 ET Merrill on Telcos : Merrill Lynch reinstates coverage of several major US telcos with BUY ratings: T, with $70 price target; BEL with $80 p/t; BLS with $60 p/t; GTE with $97 p/t; SBC with $65 p/t -believes values are compelling and mgmt is recognizing that this needs to be made more transparent to the market. Rates the following IP Infrastructure suppliers NT ACCUMULATE/LT BUY: GBLX with $70 p/t; WCOM with $75+ p/t; Q with $65+ p/t; USW with $112+ p/t ; and WGC with $55+ price target saying they are in an enviable position at the heart of the data explosion. Regards, LG