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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (366)	7/28/1998 11:42:00 AM
From: John F. Dowd	Read Replies (1) \| Respond to of 615

If it is such a steal why doesn't Craemer ML and Warburg take some stock down. I can't believe that I saw this thing before the big boys. I mean in a way this is the ultimate convergence stock and should be right up there with Yahoo and AtHome but it languishes compared to them. What is wrong with this picture? JFD

To: KM who wrote (366)	7/28/1998 12:42:00 PM
From: John F Beule	Respond to of 615

Execs Optimistic Over Telecom Consolidation (07/27/98; 6:18 p.m. ET) By Mo Krochmal, TechWeb NEW YORK -- Executives of high-tech companies said Monday they are hopeful the consolidation happening in the telephone sector will mean good things for their businesses. The announcement Sunday that AT&T had launched a global venture with British Telecom and the reports that Bell Atlantic and GTE may be negotiating a merger were greeted optimistically at The Rising Tide Summit, a one-day conference about the Internet. "I'm ever the eternal optimist," said Bert Ellis, the founder and CEO of IXL, an Atlanta-based interactive agency that has quadrupled its revenue this year, while acquiring 30 companies in New York, Los Angeles, and London. "If this can make the Internet faster and can get rid of the bandwidth problem, I'm all for it," Ellis said. The telcos are following the normal path of business growth, according to Joseph Olewitz, a partner in strategic business development for US Web. The quality of service delivered by the companies will be a key indicator, he said. "That's paramount," Olewitz said. "If the companies will be able to deliver better services or to get access to capital so that they can deliver more services, that's good," he said. "If this results in monopolistic practices, that will be bad for the consumer." US Web has been on an acquisitions track of its own, purchasing Gray Peak Technologies for more than $80 million in stock last May among its 27 acquisitions in nearly three years. John Walber, president and chief operating officer of wireless high-bandwidth provider CellularVision, saw advantages in the spate of possible deals. "We need high-bandwidth products," he said. "Anything that drives more high-bandwidth data services is good." The atmosphere among Internet companies -- which is being spurred by the markets -- is to invest in the infrastructure, IXL's Ellis said. "Do it now, it's the smart play," Ellis said. "Wall Street is saying get big first, we'll finance it." <Picture: TW>