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Technology Stocks : APAC Teleservices

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To: Ken Crooks who wrote (134)8/14/1997 8:22:00 AM
From: Paul Dubsky   of 231
 
The last SEC report that I read indicated that for FY 98, APAC expects to derive 50% of its revenues from UPS and AT&T. Now, UPS is on strike and AT&T indicated that they were consolidating their inbound and outbound call centers and reducing the total effort. APAC stated that AT&T assured them that they'd get a piece of the pie, but how much? AT&T surely has other APAC type firms that they now can leverage off each other.

After reading this, I got out as quickly as I got in. Only made a couple hundred during the day, but much better than where I see APAC in a couple months! At $10 - $12, it's probably a buying opportunity. But right now, with the UPS strike not resolved and AT&Ts cut backs, I'd be VERY hesitant to add to my posistion (if I had one) right now!
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