41. Technology shares rallied on optimism about mergers and acquisitions. 42. Telephone shares rallied for a third day. 43. The shares had rallied somewhat in mid-June after an upbeat management presentation to investors. 44. The shares have rallied substantially since then. 45. The shares rallied after an analyst from Salomon Smith Barney issued a report recommending the group, saying business is likely to pick up later this year. 46. The shares rallied on expectations that the company is close to selling its money-losing personal computer division. 47. The shares rallied, as did those of the other Bells, when President Clinton signed the Telecommunications Reform Act early last month. 48. The write-off was widely expected, and Tyco shares rallied sharply on the CIT announcement, which was made after the close of regular trading Wednesday. 49. Their shares rallied after federal budget talks broke down in Washington, D.C., making drastic cuts in Medicare reimbursement unlikely for now. 50. U.S. technology shares have rallied all summer, pushing stock indexes to record highs. |