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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT
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To: LzzrdKing who wrote (161)8/28/1997 1:01:00 AM
From: jeffbas   of 1250
 
See my post 158.

I believe that the stock will be in a trading range like we have seen for the rest of the year, but that if they remain on track to achieve the kind of numbers I suggest, that it will eventually break to the upside.

Note that CEO Pino has also publicly talked about "a sustained growth rate in sales and earnings of 30%" which, if they have not
changed their guidance downward, might mean that this whole
downmove was driven by an analyst who did not do his homework, combined with profit-taking.
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