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Technology Stocks : Inter-Tel INTL Bottom Fishing
INTL 27.80-1.0%Nov 4 4:00 PM EST

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To: Mike Mansour who wrote (56)4/28/1997 3:39:00 PM
From: C S Lai   of 156
 
Earning just came out with 20 cents in Q1 versus expectation of 23
cents, 3 cents below expectation. Revenue $50.3M vs $42.2M, an increase of 19.2%.
Earnings were impacted by tighter dealer credit enforcement, shorter
week in last quarter, and higher selling expenses.

This low earning announcement was expected due to Friday's stock purchasement of 1.45 M shares.

Stanley
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