	pactel pac sees ings growth pacific telesis group chairman donald guinn told a meeting of security analysts that the company sees continued ings growth in above the billion dlrs or dlrs per share ed in guinn also said that capital spending stood at about billion dlrs in and the company expected the figure to remain flat each year through he noted that all captial spending will be internally financed guinn also told analysts that the company faced some regulatory uncertainties in ongoing rate cases at its pacific bell operating company in rates hearings before the california public utility commission guinn said the company faced a potential mln dlr revenue reduction and due to ongoing discussions with the commission he said the figure might even be greater the company also faces some opposition to a mln dlr rate hike requested for guinn said the commission found mln dlrs of the hike was based on questionable calculations and assumptions while mln dlrs might represented unneeded modernization costs guinn also said that the company is still studying whether to join an international consortium that plans to lay a transpacific telephone cable between the u s and japan we have not agreed to anything guinn said but added he would soon recieve a feasibility study on the venture and the company would make a decision soon on participating asked by an analyst about the recent recommendation by the u s department of justice which would allow the bell operating companies to offer limited long distance services guinn said the company would likely shy away from that type of expansion long distance services is a very competitive business it s a commodity business and becoming more so he said i m not so sure we would be interested in getting back into that business however guinn generally applauded the u s recommendations saying they would give more latitude for the bell operating companies to expand into non regulated businesses and provide more flexibility to form strategic alliances with other companies he added that while the company welcomes the expansion into new areas it is not currently involved in any acqusition talks we do not have anything actively under consideration he said reuter 
