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Technology Stocks : Tekelec
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To: WTSherman who wrote (1577)1/31/2001 1:12:34 PM
From: scott   of 1648
 
From JP Morgan:
"Tekelec (TKLC/$25/Long-Term Buy) mkt cap $1.616B TKLC reports solid December quarter; maintain Long-Term Buy º Tekelec reported solid December quarter results of $0.27 EPS on $98.1 MM in revenue ahead of consensus º Visibility continues to improve with total backlog growing to $195.5MM ($48MM to be shippable this quarter) º We believe that despite the soft telco spending environment, the demand for signaling and control technology remains strong and maintain our Long-Term Buy rating on TLKC
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