To: Dealer who wrote (11927 ) 4/10/2000 8:54:00 AM From: Dealer Read Replies (1) | Respond to of 35685
RNWK---NEWS--up 4 in pre-market--see following: Markets : Stocks to Watch Stocks to Watch: GTE, Boeing, Chase, RealNetworks, Akamai By Brian Louis and Diane Gross Staff Reporters 4/10/00 8:19 AM ET GTE's (GTE:NYSE - news - boards) board approved a capital expenditure plan totaling $1.8 billion to $2 billion in 2000 and $11 billion to $13 billion over five years so its Genuity unit, formerly known as GTE Internetworking, can accelerate the buildout of its network infrastructure. Genuity has also filed a registration statement with the Securities and Exchange Commission for an IPO. GTE is merging with Bell Atlantic (BEL:NYSE - news - boards). The merger is expected to be completed by the end of this quarter. GTE also said it expects revenue in the high single digits, which is consistent with its previous guidance, while earnings for the full year on a stand-alone basis are projected in the high single digits. The company said earnings growth in 2001 and 2002 is expected to be in the 10% range, and to accelerate to at least the midteens after that. Boeing (BA:NYSE - news - boards) is in talks with Britain's BAe Systems that might lead to a $46 billion merger, Britain's Sunday Telegraph reported. Mergers, acquisitions and joint ventures Chase (CMB:NYSE - news - boards) is close to buying British investment bank and asset management concern Robert Fleming for $7 billion to $8 billion, The Wall Street Journal reported, citing people familiar with the matter. Last month the Financial Times reported that Chase was in takeover discussions with Fleming. Internet media company RealNetworks (RNWK:Nasdaq - news - boards) and Akamai Technologies (AKAM:Nasdaq - news - boards), which provides services that speed up delivery of Web content, announced a pact to improve the delivery of audio and video content over the Internet.