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Technology Stocks : COLT Telecom (COLT) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Mohebbi who wrote (20)	10/5/1998 6:22:00 PM
From: sverrir thorolfsson	Read Replies (1) \| Respond to of 95

Colt Telecom Shrs Up 2%; Morgan Stanley Reiterate Buy>COLTY LONDON (Dow Jones)--Shares in Colt Telecom Group PLC (COLTY) jumped 2% in midday trading Monday, following positive comments from analysts at Morgan Stanley. Morgan Stanley said it is reiterating its strong buy recommendation and raising its earnings forecasts to reflect growth in the corporate data communications market and hopes of a better-than-expected second half. "We believe that the third-quarter results, due early November, will support our view that Colt's operational performance is strong and that the company is continuing to take market share," said an analysts' note. At 1059 GMT, Colt shares were 8 pence stronger at 410 pence. Anecdotal evidence from other competitive carriers - notably Energis PLC (ENGSY) - indicates that the market for advanced communications services is growing faster than expected, the note said. "We believe Colt will be able to exploit this faster growth and are therefore raising our current-year revenue forecasts," it added. The analysts have raised their sales forecast to GBP201.2 million from GBP193.7 million