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

To: margin_man who wrote (26746)	11/2/1998 1:11:00 PM
From: Bobby G.	Respond to of 36349

P - Don't think this is related to PAIR's move, but at least it shows that ADSL is coming to reality (see part I bolded): Monday November 2 10:09 AM EDT Bell Atlantic Sees 1999 EPS Up 10-12 pct--Analysts NEW YORK (Reuters) - Bell Atlantic Corp. (NYSE:BEL - news) told analysts at a recent meeting that it expects earnings per share growth of 10 to 12 percent in 1999, Dresdner Kleinwort Benson said. Dresdner Kleinwort, outlining details of the meeting, said it came away from the session ''bullish'' about the company's prospects. Bell Atlantic, which plans to buy GTE Corp. (NYSE:GTE - news) for $52.8 billion, declined to comment on the details of the meeting, which was closed to the media. Dresdner Kleinwort said Bell Atlantic told the meeting that its overall wireline sales growth should be 4.5 percent in the 1998 fourth quarter, 4.5 percent in the 1999 first half, and 6 percent to 7 percent in the 1999 second half. As Bell Atlantic gains up to 25 percent penetration in its home region long distance market and merges with GTE, it expects revenue growth of about 10 percent or slightly higher. Dresdner Kleinwort said Bell Atlantic's other forecasts included: -- With productivity improvements, future earnings per share growth should reach a steady state of 13 to 15 percent annually. -- In achieving those earnings growth targets, Bell Atlantic's profitable businesses should grow enough to absorb losses in long distance and data. -- The company aims to achieve up to 25 percent long distance penetration in its region after three years, and estimates the long distance market in its region to be worth about $20 billion. It sees this penetration adding $5 to $7 in value per Bell Atlantic share. -- The company is poised to enter the long distance market in the second quarter of 1999 rather than the first quarter. -- Testing of Bell Atlantic's operation support systems (OSS) is going well but taking longer than expected, and should be completed in mid-November. OSS is the software and services that support the operations of telecom carriers, allowing them to acquire, activate, bill and serve customers. Testing of the OSS system is one crucial step Bell Atlantic must complete before it can move ahead with its long distance application. -- Bell Atlantic is in talks with regulators in Massachusetts, Pennsylvania and New Jersey to determine what it will take to get support for its long distance ventures in those states. -- The company aims to seek international bilateral operating agreements with top international destinations, and aims to use the capacity it owns on FLAG, a global fiber optic network, to complete the transition to a facilities-based international provider. -- Bell Atlantic will expand its ADSL service to 60 cities by year-end, up from six cities now. -- Bell Atlantic expects 15 to 20 percent of its current landline minutes to go wireless in several years.