ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: Sonny Blue who wrote (183)	9/13/1997 8:30:00 PM
From: jeffbas	of 1250

I presume you tried his phone number 617-348-2359? It is a good point about the possibility of an Advest upgrade. I have a copy of report summary, which includes these three bullets; -Initiating coverage with a hold (3) rating - upside appears limited. (Their target price was 48 from the review price at the time of 46 5/8) -Expansion efforts should improve already strong position. -Customer diversification efforts have accelerated growth. Their earnings forecasts were $1.60 for 1997 and $2.07 for 1998. (29% growth) Unless Mr. Parrish does not really believe what he wrote 2 weeks ago or has had second thoughts (as have a lot of scared people on this plunge), I would think that it would be quite likely that an upgrade from them would be soon forthcoming - $48 means a 50% gain at this point!

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