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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: Joe Palovick who wrote (64)6/2/1997 6:31:00 PM
From: Tara Cobble   of 156
 
Joe, I am not sure if this affected the stock price of INTL or not but there was press release today by a company named Deswell Industries Inc. that is trading near a 52 week high and has moved up significantly over the past 2 months and is still only at a PE around 13. In the Deswell news release today the company said the quarterly sales were up 69%, Operating Income up 76% and that the quarterly earnings were 44 cents vs. 32 cents in the year earlier quarter. In the news release the company named Inter-Tel as one of its customers.

Another potential reason is that people (whoever they are) may believe that INTL was oversold and is not deserving of the lower and mid teen stock price with next years earning potential. If you recall on 4/29 I posted some guesses on the potential stock price for INTL if the market rebounded (in about 1 year). Well anyway I was hoping for a 52% return (laugh ha ha ha) and as it so happens I am now debating on whether my 6 week investment should be sold at $17 for a 49.5% return.

(Sometimes you can get lucky and sometimes you are just plain lucky.) Note: My above comments should not be considered as a recommendation to buy or sell either INTL or Deswell.)
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