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Technology Stocks : Comverse Technology

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To: Beltropolis Boy who wrote (845)	9/1/1999 3:05:00 PM
From: Mark Ambrose	Read Replies (2) of 1331

S&P Reiterates Accumulate on Comverse Technology Shares Wednesday September 01, 1999 (09:46 am ET) NEW YORK, Sep. 01 (Standard & Poor's) - Standard & Poor's reiterated its STARS ranking of (accumulate) on shares of Comverse Technology (CMVT). The company posted fiscal 2000 (Jan.) Q2 EPS of $0.52, excluding charges, vs. $0.36, $0.03 above the Wall Street mean estimate. S&P analyst Mark Cavallone notes CMVT's sales were up 25% on demand for both enhanced service platforms and recording and monitoring systems. He says CMVT is seeing the benefits of wireless operators deploying services like voice-mail and text messaging. Cavallone also points out that CMVT's gross margins exceed 62% on higher repeat business and additional software content. The S&P analyst raised his fiscal 2000 EPS estimate by $0.07 to $2.07 and his fiscal 2001 forecast by $0.12 to $2.48. With clear earnings visibility and market leadership, Cavallone views the stock's P/E of 31 (based on his fiscal 2001 estimate) as attractive. Click on this link, then scroll down ... personalwealth.com

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