SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
Date of Report - February 15, 1996
(Date of earliest event reported)
GTE CORPORATION
(Exact name of registrant as specified in charter)
NEW YORK
(State or other jurisdiction of Incorporation)
1-2755 13-1678633
(Commission File Number) (I.R.S. Employer Identification No.)
ONE STAMFORD FORUM
STAMFORD, CONNECTICUT 06904
(Address of principal executive offices) (Zip Code)
(203) 965-2000
GTE CORPORATION
FORM 8-K
ITEM OF INFORMATION
Item 5. Other Events
In connection with the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, GTE Corporation ("GTE" or the
"Company") is hereby filing cautionary statements identifying important
factors that could cause the company's actual results to differ
materially from those projected in forward-looking statements of the
Company made by or on behalf of the Company.
Forward-Looking Statements
GTE has projected earnings-per-share growth of not less than 10%
for the foreseeable future. GTE has also projected that revenue will
grow by a range of 6% to 8%. In addition, GTE expects net income from
existing international operations to double in the next five years.
Risk Factors
GTE's forward-looking statements are based on a series of
projections and estimates regarding the economy and the
telecommunications industry in general and on key performance indicators
which impact the company directly. The projections and estimates
regarding the telecommunications industry relate to pricing of services,
the effects of competition and the success of new products and services
and new businesses such as long distance.
Key performance indicators that have a direct bearing on GTE's
ability to attain these projections include continuing annual growth in:
telephone access lines and minutes of use; cellular volume and
customers; and new and nontraditional revenues at levels that meet
internal forecasts. Also, in developing its forward-looking statements,
GTE has made certain assumptions relating to productivity improvements
and the outcome of various commercial, legal and regulatory proceedings
and lack of disruption to its markets.
If GTE's actual performance differs materially from its projections
and estimates regarding the economy, the telecommunications industry and
key performance indicators, GTE's actual results could vary
significantly from the performance projected in the forward looking
statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
GTE CORPORATION
(Registrant)
MARIANNE DROST
By: Marianne Drost
Secretary
Date: February 15, 1996
