Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Sy Eisenfeld who wrote (2960)	2/22/1999 1:48:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 6846

[Sprint stock up on report of rumored BellSouth tie] NEW YORK, Feb 22 (Reuters) - Shares of Sprint Corp. jumped more than 5 percent after a report of rumors on Wall Street about a possible tie-up between the long distance carrier and local phone service provider BellSouth Corp. (NYSE:BLS), a Baby Bell. Barron's, a weekly financial newspaper, said spokesmen at both firms would not comment. But it said a merger would give BellSouth, a local phone service, the chance to offer long-distance and cellular service and the "one-stop-shopping" many phone companies are aiming for. The report quoted two people, who had heard the rumors, as saying Sprint shares could fetch between $100 and $115 a share. One stumbling block could be regulatory approval, Barron's said. Sprint shares jumped 4-1/8 to 85-7/8 and touched a new 52-week high to 86-7/8. Robert Wilkes, a telecom analyst with Brown Brothers Harriman, tied the stock rise to the story. BellSouth shares were also higher, up 2-1/16 at 47-3/8.