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Technology Stocks : Comverse Technology

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To: NotNeiderhoffer who wrote (837)	9/1/1999 11:20:00 AM
From: Beltropolis Boy	Read Replies (1) of 1331

luke feels the force. ----- RESEARCH ALERT-Comverse target, EPS estimate upped September 1, 1999 09:46 AM NEW YORK, Sept 1 (Reuters) - Lehman Bros. said on Wednesday it had raised its price target and earnings estimates for Comverse Technology Inc. (CMVT) -- Raised price target to $105 from $100. -- Raised fiscal 1999 EPS estimate to $2.07 from $1.98. -- Raised fiscal 2000 EPS estimate to $2.48 from $2.38. -- Set fiscal 2001 EPS estimate at $2.98. -- On Tuesday, Comverse announced second quarter 1999 earnings of $0.52 cents per diluted share, beating Lehman's estimate of $0.49. -- "We maintain substantial opportunities exist for Comverse to penetrate large U.S. wireless accounts." -- Shares of Comverse were up 4-9/16 at 82-9/16 in Wednesday morning trading on Nasdaq.

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