See strong opportunities after a two year shakeout has left the strongest players standing...now with improved balance sheets. The industry is not going away.
The world still needs the ability to communicate, and some companies will emerge as winners.
We are establishing the regional Bell companies as a formal equity portfolio sector, initially investing in BellSouth, NYNEX and U.S. West in this issue. We think these companies look like an attractive defensive equity haven these days.