CCSC - Coherent Communications Message Board

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Technology Stocks : CCSC - Coherent Communications

CCSC 5.170

+0.4%

Apr 20 5:00 PM EST

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To: Thomas G. Magnani who wrote (238)	8/20/1997 3:35:00 PM
From: Todd D. Wiener	of 381

I recant my former statements about CCSC falling into the teens. It seems to be holding its support levels. Also, the broad market correction hasn't appeared yet, and tech stocks seem to be doing well. Once CCSC begins to beat earnings estimates, the stock will perform very well. My forecast: I expect that it will move up into the mid 20s, in anticipation of the Q3 report in early October. It will touch its old high near $29, after which it will briefly fall back to $25 or so. In 1998, CCSC will move into the mid 30s, in response to an unexpectedly strong Q4 and Q1. It will find a strong support level around $30, and it will trade in the 30s for the remainder of 1998. I still believe that CCSC will reach $45 by the end of 1999, and I consider it a STRONG BUY at current levels. Todd

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