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Technology Stocks : Comverse Technology
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To: Wizard who wrote (1126)5/18/2000 9:35:00 AM
From: NotNeiderhoffer  Read Replies (3) of 1331
 
Wiz,

Some shlocky firm called Morgan Stanley picked up coverage today of CMVT with a strong buy and $120 price target. They think that the stock could witness multiple expansion as it is increasingly seen as a wireless Internet play.

Who are these schmucks and what took them so long? And why does nearly every analyst have EPS pegged at $1.32 in '00 and $1.59 in '01 when I am looking for at least $1.40 and $1.80?

NotgoingtoletPaulBakertalkmedownNeiderhoffer
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