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

To: M.A. Miller who wrote (483)	11/15/1997 10:08:00 AM
From: Al Serrao	Respond to of 671

M.A., you might have something there. But I disagree with GTE's attempt to buy MCI. Unless there was something in the deal we didn't know about, it was not a smart deal. Was it a smart deal for WCOM? We'll see, you've got to wonder why everyone wants a big piece of Long Distance when the competion is only going to become fierce. Government officials are talking about .03 a minute as a fair price for usuage rates. This is not a business for being highly leveraged and having the price of one of your main products falling. If Lee were really working for the shareholders he would merge with someone big like BT, the only other salvation for the shareholders is to be aquired. Hay maybe you can ask Bernie to work another deal? Boy I'd love to have some of that paper. One more deal like MCI and you might be using those shares to paper you bathroom.

To: M.A. Miller who wrote (483)	11/15/1997 6:07:00 PM
From: Tim Bagwell	Read Replies (1) \| Respond to of 671

I own Wcom. You own GTE. That says it all. Then why are you reading the GTE thread? You must have some interest in the company. I own GTE because it's a company with low risk. For the low risk portion of my portfolio it makes far more sense than WCOM. I trust Lee to continue running GTE in a fiscally sound manner while Bernie has a penchant for debt leveraged empire building. If the deal between MCI and WCOM is so great why did BT run? I submit that they ran because they can't work with Bernie. If Lee's only reason for making the MCI offer was to force WCOM into further debt then it was a smart move on his part. GTE has access to more of the QWST fiber than WCOM. They don't need MCI except to garner more LD market. But everyone knows that future growth is not going to be in the LD market. It's a cash cow that Bernie needs badly but GTE can live without.