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Technology Stocks : TII INDUSTRIES

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To: N. Dixon who wrote (35)12/9/1997 11:45:00 PM
From: SteveG  Read Replies (2) of 62
 
<..What other positive news may be in the works?..>

Highlights from RR report dated Dec. 1st:

-The hiring of a new, highly qualified operating mgmt team (3 key execs) with international and high-volume manufacturing experience is imminent (to be on board Jan 1, 1998)

-Manufacturing problems (delays) experienced in the ramp-up of TII's new products are being solved.

-Very weak current quarter shipments are likely to rebound 40% in Q3 ending March.

-The stock is cheap on a valuation basis (at 5 3/4 when report was out) 12 mo $16 price conservative target maintained.

===

The recent low volume selling is likely tax loss selling. Possible buying op going into next year, IMO.

Regards-

Steve
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