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Technology Stocks : GTIS - Will it be a Phoenix or not ? -- Ignore unavailable to you. Want to Upgrade?

To: Dan Spillane who wrote (1281)	12/6/1997 12:27:00 AM
From: Trader Dave	Respond to of 2319

I was on the conference call. In addition, my checks make it very clear, the way things were progressing or not progressing at MPRS would have lead to a materially dilutive acquistion for GTIS, which is against their stated objectives. i suspect that GT uncovered things at MPRS which were not obvious when the deal was signed. I know MPRS from the wild bill days before spectrum. i bet the remants of mismangement remain today. GT may not have the hottest in some of these top ten lists, but it is a well run company. The management knows what's going on and has acted responsibly by backing out. I expect to see some rebound in the stock on Monday, both relief in avoiding a borderline purchase and more importantly, forced buying by the arbitragers who shorted GTIS stock in anticipation of the deal. Should be interesting in the a.m. on Monday, especially to see how the analysts will react. To quote someone from earlier in the thread, "if it seems too good to be true it usually is." TD