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

To: M.A. Miller who wrote (456)	11/7/1997 4:34:00 PM
From: Uncle Mikey	Read Replies (1) \| Respond to of 671

I sort of hope your idea is right. There must have been something going on for both stocks to turn in opposite directions towards the end of the day. I own both GTE and WCOM. My hope is that WCOM gets MCI. As a greedy shareholder I think I would make the most bucks with that scenario. As much as GTE has harped on the "any deal must enhance shareholder value" theme over the past few years I cannot imagine shareholders approving any deal that would put GTE is such a heavy debt situation as their proposal would do. GTE's largest block of shareholders, in my opinion, would fall into the 'equity income' category, nice annual growth and a good dividend to reinvest or for current income. Anything which disrupted the dividend would almost certainly result in a considerable number of shareholders dumping the stock - it would no longer fit their need. It might eventually transition into a growth stock, but that could take a long time. My belief all along was that, if GTE succeeded in their bid for MCI, it would be part of a multi-company merger, involving stock and cash from both BT and GTE. We will see what we will see! Uncle Mikey