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

To: PDL who wrote (3694)	1/5/1999 1:02:00 PM
From: joarel	Respond to of 11568

VAVOOM! Nice jump today. Shares always vault upwards following Jack Grubman's comments. He's a longtime telecom industry analyst with Gilder's viewpoint on the future of the industry(it helps that he's in WCOM's corner!!) NEW YORK, Jan 5 (Reuters) - Salomon Smith Barney said Tuesday that analyst Jack Grubman raised his price target on MCI WorldCom Inc and reiterated a buy rating on the stock. -- Target raised to $100 a share from $80. -- ''We believe WCOM with top-line growth of 16-17 percent from 1999 through 2004 and EPS growth of 28 percent from 1999-2004 is generally growing faster than its S&P 500 peers,'' Grubman said in a note. -- Shares rose 3-1/2 to 73-3/8. -joarel