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Technology Stocks : GEOC ( GeoTel )

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To: Scott D. who wrote (14)8/18/1997 7:22:00 PM
From: Oblomov   of 61
 
Any comments on the recent price action?

The stock closed over 17 on its initial earnings release a few weeks
ago. It snapped back to 14-15, but has been moving up steadily over
the past week (in a down market), partly from the 10Q release, as
well as from today's press release that HP will be a GeoTel reseller.

IMO, It may be retesting the near-term high of 17.25 soon. Volume
has been good (384K last thurs, around 100K the last 2 market days).

It appears, from looking at intraday charts, that someone is
accumulating the stock. Anyone know who it is? Fidelity already
owns 9% of shares outstanding.

Andrew Aiken
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