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Technology Stocks : Comverse Technology

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To: Mark Ambrose who wrote (72)	8/18/1996 1:36:00 PM
From: Brett Trueman	of 1331

Mark, I had forgotten that Jefferies and Co. had projected a 12-month price target of 35. Pretty good forecasting! And it only took 1 month. CMVT has been rated highly for the last several months by all brokers following it. The Dow Jones Retrieval Service lists First Analysis, Jefferies and Co., Ladenberg Thelm, Smith Barney, and Lehman Bros. as covering it. I have no idea what is ahead for CMVT. Its price has run up much further and faster than I expected. This happened at the same time as its earnings have been only slightly higher than expected. If the market has another correction like the one in July, I'm afraid that CMVT will fall sharply. That may be the time to buy more shares. But, at this price I believe that new investments in the stock are pretty risky. Brett

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