j garcia,
thanks for the reply. Sorry I haven't responded to now. Don't know much about ACEC and haven't had much time to look into it due to finals. Did notice that they provide software(?) to telecommunications companies. If many local telecommunications companies are upgrading their systems in order to compete, then ACEC might stand to benefit as CGN obviously is.
BTW, the good news on CGN keeps on coming. The stock could easily see $9 within a couple of weeks. In case you hadn't seen:
Thursday May 8 10:30 AM EDT
Company Press Release
Source: Cognitronics Corporation
Cognitronics Tells Stockholders of Expected Strong Second Quarter
DANBURY, Conn., May 8 /PRNewswire/ -- Cognitronics Corporation (AMEX:CGN) told its stockholders today that it
expects that second quarter 1997 sales will increase substantially over 1996 second quarter sales of $5.1 million.
``Domestic operations are enjoying strong demand for the company's McIAS(TM) 16xx series products,'' Brian J. Kelley,
president and chief executive officer of Cognitronics, told stockholders this morning at the annual meeting. ``Further, our sales
order backlog has increased to $5.2 million currently, which includes the recently announced volume orders from a nationwide,
independent telecommunications company for our flagship McIAS 1623/IP voice processing system valued at almost $1
million, for delivery in 1997.''
At the annual meeting, stockholders re-elected the seven directors to serve for the ensuing year and voted to approve the
selection of Ernst & Young LLP as independent auditors.
Statements contained herein which are not historical facts are forward- looking statements. The forward-looking statements in
this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve a number of risks and uncertainties including, but not limited to, product demand, market
acceptance litigation, risk of dependence on significant customers, third party suppliers and intellectual property rights, risks in
product and technology development and other risk factors detailed in the company's Securities and Exchange Commission
filings.
Cognitronics is a leading manufacturer and supplier of voice processing equipment, including telephone network and call
management products and interactive voice response (IVR) systems, to telephone operating companies, original equipment
manufacturers and commercial end-users.
SOURCE: Cognitronics Corporation
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More news for referenced ticker symbols: CGN, and related industries: computer, telecommunications. |
