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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: John Solder who wrote (23682)6/26/2000 5:53:00 PM
From: DanZ  Read Replies (1) of 53068
 
INTV.

biz.yahoo.com

InterVoice announced after today's close that they hired a new CEO, David Brandenburg. I think that this news will spur a rally for several reasons.

1. Mr. Brandenburg was with InterVoice from 1990 to 1994 when the company's sales and earnings more than tripled. Investors have been calling for a management change since the stock crashed two weeks ago, and this management change should be well received.

2. The company's fundamentals are sound. They don't have any problems with their business model, technology, products, markets, or finances. They only have two problems: lack of investor confidence after they missed the first quarter and loss of a couple of key sales personnel. I don't think that these are insurmountable problems and the stock grossly overreacted to them IMO. The company will hire new sales personnel, sales and earnings will recover, and the stock will reach new highs IMO.

3. INTV put in a double bottom on the daily chart at the 52 week low and the stochastic is on the way up. Today's positive news coupled with an oversold and improving technical condition should give rise to a decent rally.

The stock is bid slightly higher after hours (6 3/8). My short term target is 8 to 9 and I think that it will do very well over the long term. I believe that INTV will eventually get back to its 52 week high in the high 30's. This is a buy and put away for a few months stock IMO.

Luck all,

Dan
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