Institutional uPdate: 1. Teleos Management reports buying/adding 349,810 shares of GTE in Q2 (see page 1); 2. TIAA CREF reports buying/adding 4,800 shares of GTE in Q2 (see page 1); 3. Galleon Management (NEW) reports buying 410,425 shares of GTE in Q2 (see page 2); 4. Mellon Financial reports selling 37,775 shares of GTE in Q2 (see page 2); 5. Merrill Lynch & Co. reports buying/adding 120,688 shares of GTE in Q2 (see page 2); 6. Credit Suisse reports selling 28,615 shares of GTE in Q2 (see page 2); 7. WS Ventures reports buying/adding 57,500 shares of GTE in Q2 (see page 2); 8. Fortress Investment (NEW) reports buying 59,300 shares of GTE in Q2 (see page 2); 9. AXA reports holding its GTE shares in Q2 (see page 2); 10. Shaw DE & Co. reports selling 227,100 shares of GTE in Q2 (see page 2); 11. Teachers Advisors reports selling 893 shares of GTE in Q2 (see page 2); 12. Jeffries Group (NEW) reports buying 16,601 shares of GTE in Q2 (see page 3); 13. Lehman Brothers reports selling 10,446 shares of GTE in Q2 (see page 3); 14. MFC Global reports selling 11,539 shares of GTE in Q2 (see page 3); 15. Schroder Investment reports holding its GTE shares in Q2 (see page 3); 16. Bear Stearns reports buying/adding 11 shares of GTE in Q2 (see page 3); 17. American International reports selling out its 52,184 share position in GTE in Q2 (see page 3); 18. HBK Investments reports selling out its 1,712,900 share position in GTE in Q2 (see page 4): <A HREF="http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&FormType=Institutional&mkttype=&pathname=&page=holdings&selected=GTE" target="_blank">http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=NCTI&symbol=GTE&symbol=&am...</A> Reported institutions now hold 7,032,531 shares of GTE, 6.77% of O/S. a few more Q2 reports to come... nilremerlin