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Technology Stocks : Clearnet, the Canadian wireless play (CLNTF) -- Ignore unavailable to you. Want to Upgrade?


To: ZEUS who wrote (81)1/11/1999 5:10:00 PM
From: Grabs  Read Replies (1) | Respond to of 214
 
Today, Merill Lynch upgrades CLNTF from accumulate to buy and upped its price target to C$24 and US$18.

They cite strong industry performance, and the opportunity for consolidaiton in the industry. However, they cited the spectrum cap and other issues as possible obstacles. They also project 70k subs to be added in 4Q (25k Mike and 45k PCS).

Grabs