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Technology Stocks : Illuminet - ILUM
ILUM 1.3000.0%Oct 19 5:00 PM EST

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To: William F. Wager, Jr. who wrote (18)10/9/1999 2:10:00 AM
From: Srinivasan Balasubramanian  Read Replies (2) of 58
 
Bill, it was a disappointing first day as the stock was still groping to find a bottom but I am confident ILUM will see the vicinity of 40-50 soon. My earlier post highlights how SS7 is important to wireline, wireless as well as internet service provider's in providing value added services. There is a misconception that this compnay does not have the growth prospects of an internet company and that was reflected in today's stock action. But the opposite is true. First 6 mo revenue in 1999 grew at 50% to 45 mln from around 30 mln in 1998. (1998 rev grew at 30% when compared to 1997). So revenues are accelerating and SS7 is still very young (telecom act of 1996 provided the impetus). also telecom deregulation will only make SS7 even more important as both the local and LD market are thrown open to everyone and then there is wireless growth and VoIP. This company though founded in 1984 entered SS7 only in the 90's.

BTW, Gaskin's gives ILUM a A rating and till now only FDRY has received a A rating.

-Srini
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