Telecommunications services industry

The best revenues and profits for telecommunications companies in the US are being produced by Internet and data services, with local telephone companies showing solid results, also. Merger activity remains high in the industry, efforts are being made to tap markets in Asia, Europe, and Latin America, and local Bell networks are being bypassed in cable operations. These stocks are expected to match the market in 1999 and the year 2000, but the prospects for the next three to five years have already been factored in.