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To: gabor boda who wrote (11225)	5/27/1999 10:32:00 AM
From: Pamela Murray	Respond to of 12468

FYI (regarding Williams IPO) RESEARCH ALERT - Telmex price target raised NEW YORK, May 27 (Reuters) - Morgan Stanley said analyst Luiz Carvalho increased the price target on Telefonos de Mexico SA, or Telmex, to $100 from $85 after it announced a strategic partnership with Williams Cos. Inc.'s (NYSE:WMB - news) Williams Communications Group. -- Telmex said it would invest up to $100 million in Williams and the two would connect their long distance fiber optic networks. -- Williams Communications has filed for a $750 million IPO. -- As part of the deal, Telmex plans to acquire about $100 million of Williams' stock simultaneously at the time of the IPO. -- Carvalho said the deal was positive for Telmex because it would allow maximizing the value of the long-distance concession Telmex owns in the U.S.