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

To: Chip Anderson who wrote (4086)	3/25/1999 7:54:00 PM
From: Thomas Walker	Respond to of 11568

I personally like it when targets are raised before a stock reaches the old one. Actually, there's a lot more positive stuff in here than just that, though. ----------------------------------------- RESEARCH ALERT - MCI WorldCom price target raised NEW YORK, March 25 (Reuters) - NationsBanc Montgomery Securities said it raised the price target on MCI WorldCom Inc. (Nasdaq:WCOM - news) to $110 a share from $95 a share and reiterated a buy rating on the stock. -- reiterated 1999 earnings estimate of $1.97 a share. Said expects the company to reach $1.2 billion in merger synergies targeted for 1999 as a result of acquiring MCI. -- said expects gross profit margins to increase throughout 1999, from margins of about 53.9 percent in the first quarter to 57.8 percent in the fourth quarter. -- said 1999 selling, general and administrative expenses as a percentage of revenues should decrease from 26.1 percent in the first quarter to 22.9 percent in the fourth quarter. -- said cut the year 2000 estimate to $2.83 a share from $2.87 a share but raised the 2001 earnings estimate to $3.73 a share from $3.65 a share. -- said MCI WorldCom is the most aggressively and accurately positioned telecommunications services company. -- said it believes MCI WorldCom ''is in a league of its own among telecom players.'' -- said for stock price valuation purposes MCI WorldCom should be compared to technology companies such as Microsoft, Intel and Cisco. -- shares of MCI WorldCom gained $2 to $90.375 on Nasdaq.