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

To: Uncle Mikey who wrote (448)	11/6/1997 7:11:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 671

Thursday November 6 11:41 AM EST Company Press Release GTE Declares Dividend of 47 Cents Per Share on the Company's Common Stock. ==================================================================== Does anyone knows how this compares with dividends in previous years?

To: Uncle Mikey who wrote (448)	11/6/1997 11:32:00 PM
From: brian chan	Read Replies (1) \| Respond to of 671

The LEAPS are cheap for a reason. The option sellers are smarter than you think. I wish I could be as optimistic as U. This is the most aggressive move GTE has ever made if this deal goes thru. If they cut the Div, the stock will tank. If they don't cut the div, they have to hand out ~ $2B on top of the $54B of debt per year. The more I think, the worst I feel. B-( The Div was one of the major reasons why Chuck had to go for cash deal to get MCI. Can you imagine if they start handing out .47/Qtr for each MCI share too?? This move is stupid IHMO. That's why the stock is down.