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Technology Stocks : VTEL: Anyone else follow this?
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To: KEN G who wrote (909)2/18/1998 5:32:00 PM
From: Yeadon  Read Replies (2) of 1214
 
I find the lack of sequential topline growth a real concern, though I am not sure how stock will do Thurs as it is already beaten down. It is obvious others knew about this report earlier, which helps explain price decline this week.
As I said before here, estimates were too high for this year and next. We will be lucky if they make 10-20c for 1998 and 30-40c for 1998.
They need to diversify and get into some additional lines.
Still no evidence that CLIX merger was a good idea.
Yeadon
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