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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Densiebj who wrote (25568)	4/9/1999 1:09:00 AM
From: Dolfan	Respond to of 90042

I have been telling you guys about ESPI since the 4.50 days! Here ya go Tim. I used to work for this Company. 04/08 20:10 e.spire talked about as a takeover target-Biz Week NEW YORK, April 8 (Reuters) - e.spire Communications Inc , a local telephone carrier, could be a takeover target given its depressed stock valuation, Business Week reported in its April 19 issue. Quoting Frank Murphy of First Union Capital Markets, Business Week said that though a deal is not imminent, the stock's current valuation has been so discounted that its potential as a takeover target has become justifiable. Topping the list of companies rumored to be interested in buying e.spire is Qwest Communications International Inc , which builds fiber-optic systems and provides Internet and multimedia services. Other contenders could include AT&T Corp , MCI WorldCom Inc. and Cable & Wireless PLC . MCI already has "preferred local provider" links with e.spire in certain markets, Business Week said. Industry experts also regard the company as an undervalued backdoor entry to the Internet, the report said. Meanwhile, its stock has been on an upswing since February, and has reached 11 from 4-1/2. Still, its way off its 52-week high of 23 reached on July 8, the report said. ((--New York Equities Desk - 212-859-1700--))