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Technology Stocks : ECI TELECOM. ECILF
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To: Haim R. Branisteanu who wrote (424)10/27/1999 10:41:00 PM
From: LLLefty  Read Replies (1) of 426
 
Ecil released Qterly at 1648 today, at 59 cents, one cent over first call estimates of seven analysts. Revenues at 302M in line with estimates. Overall margins not bad. Lots of future promise in CEO Rubner quotes but execution remains to be seen. In any event, ECIL gobbled up lots of future capital gains in IPO of ECTel, which dropped today below its opening of 12, and sale of telegate.

What will it do tomorrow? Only a Fool (Motley) or a prophet would venture a guess. This Fool thinks it will rise from its recent doldrums, only perhaps because expectations were low that ECI was really serious about increasing stockholder value and, most important, regaining their once-cutting edge lead in telcom advances.
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