Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (89794)	3/22/2000 6:31:00 PM
From: Jenna	Read Replies (4) of 120523

PCTL up 14%..A perfect cup and handle formation, an imperfect stock that has lost money consistently. It just recently had its estimates lowered in the last 7 sessions to $-0.41 from $ -0.18 just a few days AFTER IBM chose PCTL of all companies for its videoconferencing overseas???!!??? March 9, 2000 ANDOVER, Mass. (CBS.MW) -- PictureTel shares soared 35.5 percent after the multimedia company said IBM chose its videoconferencing service for overseas use. Shares of PictureTel (PCTL: news, msgs) gained 3 11/16 to close at 14 1/16 amid heavy volume of 6.9 million shares; the daily average is 830,100 shares. IBM added 1/2 to close at 107 1/2. IBM (IBM: news, msgs), which is trying to cut the expense of business travel, will use PictureTel's videoconferencing service in Europe, the Middle East, and Africa. IBM noted that its current mix of videoconferencing systems makes meetings difficult. "Using PictureTel's Conference Services means that we can concentrate fully on the meeting content, rather than the technology," said Peter Atkins, IBM's conferencing services manager, in a statement. "We don't have to worry about establishing the connection or resolving technical issues. PictureTel makes it as simple as possible and this will encourage more people to use the service.

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