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"S&P Reiterates Accumulate on Willamette Shares" http://www.personalwealth.com/prn04
Standard & Poor's reiterated its 4 STARS (accumulate) recommendation on shares of Willamette Industries (NYSE:WLL). Analyst Michael Jaffe says fourth quarter earnings per share of $0.15 (before a one-time credit) fell from the year-earlier $0.20, but were still better than expected. He hiked his 1999 earnings per share estimate by $0.15 to $0.80 (before $0.52 of expected accounting credits). Jaffe's outlook would preclude major buys in the sector, but he says low-cost producer WLL is still the best pick for industry exposure. Word on the Street brings you comments every trading day from Wall Street's top equity analysts on stocks or industries that are moving significantly.
"GeoTel Communications in $2 Billion Hookup with Cisco Systems" http://www.personalwealth.com/prn03 GeoTel Communications (Nasdaq:GEOC) agreed to be acquired by Cisco Systems (Nasdaq:CSCO) in a $2 billion deal. Terms are 0.5138 CSCO share for each GEOC share. Other stocks featured in this morning's MarketMovers include Dialogic Corp. (Nasdaq:DLGC), DSP Communications (NYSE:DSP), VocalTec Communications (Nasdaq:VOCLF), General Motors (NYSE:GM), Delphi Automotive Systems (NYSE:DPH), Rare Hospitality (Nasdaq:RARE), Intel Corp. (Nasdaq:INTC), and Excite Inc. (Nasdaq:XCIT).
"S&P Still Bullish on Cable Stocks" http://www.personalwealth.com/prn02
Standard & Poor's continues to strongly favor cable stocks, which posted gains yesterday on news of further industry consolidation. Analyst Will Donald says news that Adelphia Cable will purchase Harran's 300,000 subscribers at a rate of $4,000 per subscriber has buoyed the group, as it has been viewed as a confirmation that this price is now par for the course. He notes that shares of Cablevision (NYSE:CVC) and Comcast (Nasdaq:CMCSK), both ranked 5 STARS (buy), are still cheap, currently valued at less than half that rate. MarketViews provides the thoughts of experts from Standard & Poor's on the stock and bond markets and the state of the economy. MarketViews also features Paul Cherney's market commentary every weekday evening.
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|Date:||Apr 13, 1999|
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