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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (17788)	12/11/1998 3:35:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 53068

Chat HYPT -- Zpurchase and pers today - here is relevant news article from dow jones: Hyperion Telecommunications Inc. Dow Jones Newswires -- December 11, 1998 Hyperion Up 10%; Salomon Smith Barney Raises Price Target NEW YORK (Dow Jones)--Hyperion Telecommunications Inc.'s (HYPT) shares climbed 14% Friday after Salomon Smith Barney analyst, Jack B. Grubman, raised his price target. Citing recent asset expansion, the analyst raised his 12-month price target, which is based on a 10-year discounted cash flow-model, to $27 from $20. In a research note, Grubman said the company has expanded its market opportunities with its dark fiber-optic purchases from Qwest Communications International Inc. (QWST), Williams Cos.' (WMB) Williams Communications unit and other fiber-optic network companies. The deals, Grubman said "catapult Hyperion into a facilities-based integrated superregional local and long distance provider, expanding its market presence." The analyst said near-term earnings per share dilution stemming from the company's moves to expand and to enter the data market "is a small price to pay for the reward of the huge increase in the addressable market." The Coudersport, Pa., company's shares recently changed hands at 12 1/2, up 1 1/2, or 13.6%, on Nasdaq volume of 199,500 shares compared to average daily volume of 193,838. - Nicole Ridgway; 201-938-5174