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Technology Stocks : Brock International (NASDAQ: BROC, the forgotten stock)
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To: Roger A. Babb who wrote (854)11/9/1997 8:58:00 PM
From: Roger A. Babb   of 928
 
Investor Meeting, report #2

Going into this meeting I had high hopes that the professional analysts would jump on the bandwagon and upgrade BROC to "strong buy" after seeing the potential of NetGain. I had personal discussions with two of them afterwards. While both appreciated the potential of NetGain and more importantly recognized the management turn-around at BROC, they both said "I want to see revenue growth first." They were both very positive and expect this to happen over the next six to nine months.

I should note that it was big revenue growth, NOT necessarily big earnings growth they were looking for as a sign to upgrade. They thought it wise to plow revenues and cash assets back into R&D and marketing in order to fuel growth.

I also spoke to a broker/account manager. He was very impressed and will be buying BROC shares for his own account and recommending it to others. He was not a technical type but a marketing/finance type and he was impressed with the savy of BROC management.
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