Anyone following this one? It sells voice processing products to telephone companies. The stock is up 70% so far in 1997 and is currently trading at 52 week highs. The company seems to have turned the corner, it earned $.39 in 1995, $.31 in '96, but the analyst estimates I have seen for 1997 is $.60 and for '98 $.80.
The anticipated growth seems to be corrborated by statements in the Company's annual report. The 1996 report is far more bullish than the 1995 report, stating: "The Company's domestic operations is experiencing an increased demand for its products due to the changing landscape of the telecommunications indusrty as new entrants, such as competitive access providers and competitive local exchange carriers, purchase equipment for their operations. As a result, sales order activity increased substantially during the last quarter of 1996 over the prior quarters of the year and has continued to increase in the first quarter of 1997". |
