Printer Friendly
The Free Library
14,582,035 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Bridge Technology Group LLC Announces Investment Opinion on CTC Communications.


Bridge Technology Group LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 Initiates

Coverage of CTC CTC - Cornell Theory Center  Communications With a Buy Recommendation

Please Visit Bridge's Web Site at www.BridgeNYC.com for Detailed

Report

Bridge Technology Group LLC announced today that it has initiated coverage of CTC Communications Corp. (Nasdaq: CPTL CPTL Compagnie des Pétroles Total Libye (Total SA Group Affiliates)
CPTL Center for Trade Policy and Law (Carleton University; Ottawa, Canada) 
) with a BUY Recommendation. The full text of this report can be accessed at Bridge's web site, at www.BridgeNYC.com.

Commenting on the report, Jeffrey B. Davis, President of Bridge, stated, "We are very pleased to recommend CTC at this time, as we believe the company is well positioned for significant revenue growth and margin expansion as they deploy their state-of-the-art, packet-switched network. We believe CTC trades at a significant discount to its peer group and have a 12-month price target range of $25 to $28 per share."

Excerpts from the report follow:

CTC Communications is a rapidly growing integrated communications provider ("ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. "), offering a comprehensive package of services, including local, long distance, Internet access See how to access the Internet. , frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers.  and other data services on a single integrated bill. CTC currently serves small- and medium-sized businesses in the Northeast and Mid-Atlantic states Mid-At·lan·tic States  

See Middle Atlantic States.

Noun 1. Mid-Atlantic states - a region of the eastern United States comprising New York and New Jersey and Pennsylvania and Delaware and Maryland
U.S.A.
, operating 25 branch offices with approximately 175 direct sales people and 95 customer service representatives. We believe that CTC's sales and customer service program, honed over 15 years of telephony sales and service as Bell Atlantic's largest agent, is a key competitive advantage, and will continue to result in high access line growth and low customer churn. CTC is currently deploying a state-of-the-art, packet-switched data-centric network, which it calls its Integrated Communications Network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software.  ("ICN ICN International Council of Nurses. "). The first switches, advanced ATM+IP (Asynchronous Transfer Mode See ATM.

(communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell).

See also ATM Forum, Wideband ATM.

ATM acronyms.

Indiana acronyms.
 + Internet Protocol) switches produced and financed by Cisco Systems, Inc. (Nasdaq: CSCO CSCO Cisco Systems Incorporated (stock symbol)
CSCO Chief Supply Chain Officer
), are currently being deployed in CPTL markets, and we expect CPTL will begin transitioning customers to its network in Summer 1999. Utilization of its own network will enable CPTL to provide its customers with an enhanced package of telephony services, with expanded margins.

We believe CPTL is significantly undervalued Undervalued

A stock or other security that is trading below its true value.

Notes:
The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating.
 compared to its peer group, and that the market is not recognizing the uniquely strong sales and customer service system that CPTL is utilizing to grow access lines and retain customers. We believe CPTL will be able to get its ICN deployed, and will be successful at transitioning a significant percentage of the high-margin data services to its network beginning in the second half of this year. We recommend purchase of CPTL common stock by investors tolerant of the risks associated with small-cap equity investments.

Bridge Technology Group LLC is focused on identifying emerging growth companies in the healthcare and information technology sectors that offer compelling investment opportunities over the long term. By providing comprehensive financial services, including corporate finance, M&A advisory, strategic partnering and communications consulting, the company positions itself to provide a fully integrated package of value-added services to emerging growth companies.

The information in this press release has been obtained from sources that Bridge Technology Group LLC believes to be reliable, but the Company does not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation by Bridge Technology Group LLC for the purchase or sale of any securities. Bridge Technology Group LLC has performed investment banking, consulting or other services for or may solicit investment banking, consulting or other business from, any company mentioned in this release. Bridge Technology Group LLC or persons associated with Bridge Technology Group LLC may at anytime be long or short any of the securities referred to herein and may make purchases or sales thereof while the Company's reports are in circulation or posted on the Bridge Technology Group LLC web site at www.BridgeNYC.com. This material, or any portion thereof, may not be reproduced without prior permission from Bridge Technology Group LLC. Bridge Technology Group LLC is not responsible for the contents of this document that is intended for electronic transmission and could be thus subjected to tampering or alteration. Copyright 1999 by Bridge Technology Group LLC. All rights reserved.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Mar 9, 1999
Words:663
Previous Article:Telecommunications Technology Pioneer Bellcore Unveils New Name - Telcordia Technologies - and Next Generation Network Solutions Suite.
Next Article:Bridge Technology Group Announces Investment Opinion on Cypress Bioscience, Inc.
Topics:



Related Articles
CTC Communications Corp. Announces Agreements With Level 3 Communications and NorthEast Optic Network for Transmission and Co-Location in New England...
New Directors Elected to CTC Communications Corp. Board of Directors.
Smallcaps Online LLC Announces Investment Opinion.
CTC Communications and Cisco Systems Announce Collaboration for New World ATM And IP+ATM Services.
CTC Communications Signs $8 Million Contract with Accelerated Networks.
CTC Communications Installs 200th Customer Location on its IntelliNET; Customer Demand Exceeds Expectations.
CTC Communications Appear on Alexander Haig's World Business Review TV Series.
TelePlace: Complex Hosting Solutions.
CTC Communications Selects Storability's AssurENABLE Program to Fuel its Entry Into the Storage Services Market.
REPEAT/ CTC Communications Selects Storability's AssurENABLE Program to Fuel its Entry Into the Storage Services Market.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles