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Technology Stocks : COM21 (CMTO)

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To: pat mudge who wrote (1477)1/10/2000 1:04:00 PM
From: Raptech  Read Replies (1) of 2347
 
This is encouraging!

Monday January 10, 12:10 pm Eastern Time
RESEARCH ALERT- Com21 reinstated
NEW YORK, Jan 10 (Reuters) - Merrill Lynch said Monday it reinstated high-speed Internet access equipment maker Com21 Inc. (NasdaqNM:CMTO - news) at near-term accumulate, long-term buy.

-- report said believes the cable modem equipment market will reach $4.1 billion in 2003. Com21 is one of two publicly traded equipment companies that are focused solely on this market.

-- report added believes Com21 will grow faster than the industry over the next several years and is well positioned to gain further share in the cable modem market, and margins should improve when a cost reduction goes into effect in mid-2000.

Rap
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