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Technology Stocks : STAR Telecommunications (STRX) -- Ignore unavailable to you. Want to Upgrade?

To: Bill McCullen who wrote (521)	1/19/1999 2:53:00 AM
From: Spaw	Respond to of 780

Bill, Earnings will be announced in early March. I believe STRX will not pre-announce. I also believe they will meet estimates. It is true that this sector is a little cloudy right now, but forthcoming news on STRX should provide some momentum. If the PT-1 deal closes, it will put them ahead in the pack. I am holding... --spaw--

To: Bill McCullen who wrote (521)	1/19/1999 4:50:00 PM
From: Spaw	Respond to of 780

Bill, Solid trading in STRX call options and firming in the stock today signal a move up this week. I am holding. I also added to my position today. --spaw--

To: Bill McCullen who wrote (521)	1/20/1999 9:59:00 AM
From: Spaw	Read Replies (1) \| Respond to of 780

To ALL: The deal is FINALLY done: SANTA BARBARA, Calif.--(BUSINESS WIRE)--Jan. 20, 1999--STAR Telecommunications, Inc. (NASDAQ:STRX) today announced that it has received final approval from the Securities and Exchange Commission on its proposed acquisition of PT-1 Communications, Inc., the nation's largest provider of prepaid calling cards. The acquisition will be completed through the issuance of 15.3 million shares of STAR common stock and the payment of $19.5 million in cash to the PT-1 stockholders. The acquisition remains subject to final shareholder approval, which is scheduled for February 3, 1999. "We are excited to culminate this acquisition with the upcoming shareholder vote," said Chris Edgecomb, Chairman and CEO of STAR. "Today's events bring us closer to realizing the great synergies between the companies that we first envisioned when we began the process last year. I believe yesterday's news that AT&T intends to acquire SmarTalk Teleservices, a provider of calling card services, strongly validates the value of the prepaid debit card business as an effective way to market end-to-end telecom services to the consumer. It is gratifying to know that with the combination of STAR and PT-1, we will be the largest calling card company in America. I look forward to closing this transaction and beginning the next chapter in STAR's future."