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Technology Stocks : Comverse Technology

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To: Brett Trueman who wrote ()4/16/1996 10:35:00 PM
From: Mark Ambrose   of 1331
 
Brett,

I have owned CMVT at prices around 60 cents.

It had a 1 for 10 reverse split in 1993,
so it is not a "40 bagger" for me.

Their earnings seem to increase every quarter.
The stock price always seems to run up prior to the
announcement of earnings.

Then when earnings are announced (better than ever),
the stock price goes down! (profit-taking)

I guess they "Buy on rumor, and Sell on fact."

Gruntal & Co. had a Buy recommendation on Comverse.
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