VTEL: Anyone else follow this? Message Board

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Technology Stocks : VTEL: Anyone else follow this?

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To: E_K_S who wrote (854)	11/20/1997 1:49:00 PM
From: Yonik Seeley	of 1214

Here is what I saw on briefing.com: it is a little more positive. VTEL CORP (VTEL) 8 1/8 +1/2. The world's largest developer and manufacturer of Digital Visual Communication systems surprised the investment community with its return to the black in the first full quarter of operations since its acquisition of Compression Labs Inc. For the 1st qtr ended Oct. 31, the company reported net income of $120,000 or $0.01 a share, reversing a loss in the previous quarter of $5.7 million or $0.25 a share. Both the First Call and the Zacks mean estimates called for the company to report a loss of $0.05 a share for the qtr. On a year-over-year basis, revenues rose 56.8% to $44.23 million. "Returning to operating profitability in the first full quarter of post-merger operations indicates that our early transition planning allowed crisp execution to capture immediate operating efficiencies," commented the company's CEO/President. Upon hearing the news that the company was able to eke-out a profit for the period, Advest analyst Herbert Maher reiterated his "buy" rating on the issue. The analyst's six-to-twelve month price target of $12 suggests upside potential of 48%. Fundamentals: P/E= 8.83; P/S= 1.31; 5-yr growth est= 25%; PEG= 0.35 Most Recent Recommendation: On 11/01, Arneson Kercheville Ehrenberg & Associates analyst Jeff Dabbs reaffirmed his "strong buy" rating on the stock. The analyst's 12-month price target is $10-$12 a share. Observations: Fairly light analysts coverage mitigated by compelling fundamentals... Issue appears attractive as a longer-term investment... Over the short-term, investors and analysts are not as aggressive at searching for the small-cap gems, which could limit the stock's upside.

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