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Technology Stocks : AT&T -- Ignore unavailable to you. Want to Upgrade?

To: Terror who wrote (1822)	1/15/1999 6:53:00 PM
From: Curt Whitaker	Read Replies (2) \| Respond to of 4298

I agree. Selling at 100 would be extremely premature. Especially the way this market is moving higher per week. Ditto... Although I don't value AT&T purely on how the market is doing, I think the merger with TCI puts there value closer to 110 or 120. Why? 1) Stock buy back authorized 2) Statement that earnings would be higher than analysts expected 3) Potential with TCI merger 4) Updated FY P/E based on new year and merger 5) Combination of above should yield more upgrades I don't think analysts have given AT&T a fair valuation yet... but I prefer a slow steady rise as more analysts wake up. Curt