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

To: Steve Whitney who wrote (63)	1/5/1998 9:48:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 270

this one's getting some hometown press to kickoff the new year. today's washington post bidnez section has a small blurb in a "5 to watch in '98" feature on local stocks. here's the teligent excerpt and the full url. btw, i'm not a shareholder; i just discovered this one today. washingtonpost.com TELIGENT INC. Six weeks after going public, it's the telecommunications firm to watch. Teligent is the company to watch in the industry to watch this year: the Anybody-but-the-Bells telecommunications business. Teligent, which went public six weeks ago, is the latest Washington company to follow the footsteps of MCI Communications Corp. by biting off a particular piece of the phone business -- in this case, by providing high-speed, high-capacity voice, data and video connections between long-distance companies and local businesses and office buildings. Teligent does it without wires, taking advantage of what some critics see as an overly generous grant by the Federal Communications Commission of radio frequencies to serve 74 cities and about half the people in the United States. The Vienna-based company's other conspicuous asset is Alex Mandl, the former president of AT&T Corp., who was lured to the Washington area by Teligent founders Rajendra and Neera Singh and the Berkman family of Pittsburgh. Though Teligent stock is highly regarded, Legg Mason Inc. in Baltimore suggests an alternative. "We like Teligent, but we think the best way to buy it is through Associated Group," the Berkman family's Pittsburgh-based holding company, which owns 80 percent of Teligent. There's less risk to owning the parent company than the offspring and investors also get a piece of other companies in which Associated has an interest, including TCI Inc., the big cable operator. (Nippon Telegraph & Telephone Corp also owns a chunk of Teligent, but no one is suggesting that alternative route to investors.)