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Verizon Communications Inc. Message Board

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  • NewsTraders NewsTraders Oct 29, 1998 2:22 PM Flag

    Re: VZ proxy voting

    (NewsTraders) -- Bell Atlantic Corp. (BEL) says
    it is comfortable with current analyst estimates of
    $2.70 to 2.72 per share for 1998, excluding transition
    and integration costs and other special
    items.

    The company, which stated this in an analyst
    conference call on October 28 and then recounts the
    statement in a Form 8-K filed with the SEC today, also said
    it:

     is targeting consolidated revenue growth of 4
    percent in 1998 and 5 percent to 6 percent
    in1999
     is targeting 1999 earnings growth from current
    business operations within the 10 percent to 12 percent
    range, excluding transition and integration
    costs.
     estimates implementation of the American
    Institute of Certified Public Accountants' Statement of
    Position No. 98-1 (SOP 98-1) will result in a net
    after-tax benefit of $200-$250 million in 1999. Bell
    Atlantic added that it intends to offset some or all of
    that benefit in 1999 with incremental investments in
    long distance and data market entry
    initiatives.
     estimates that, including long distance and data
    market entry costs and the effects of SOP 98-1, but
    excluding transition and integration costs, 1999 earnings
    growth will remain within the 10%-12% range.

 
VZ
48.59-0.2800(-0.57%)3:24 PMEDT

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