Last Friday, General Communication Inc. (GCI) held a conference call to reassure investors about its financial strength and beleaguered WorldCom Inc.’s possible impact on it. However the stock price continued its slide that day, closing at $6.26 that day, nearly 5% below its $6.58-per-share opening. And one equity analyst remains cautious. On Monday, Todd Rosenbluth, a telecommunications services equity analyst with Standard & Poor’s, placed an avoid recommendation on the company, given that it remains unclear how much long distance traffic GCI will lose.
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