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Technology Stocks : Edify (EDFY) IPO -- Any Comments?

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To: pat w. who wrote (53)10/4/1997 5:12:00 PM
From: daniel yeung   of 355
 
Edify heads into users' meeting with momentum

Edify shares, which rose 12 percent on Friday, may get a further boost next week as the maker of self-service
applications holds its annual users' conference. Friday's gain came on volume that was more than 10 times heavier than
average, and was sparked by an initial "strong buy" recommendation from Pacific Growth Equities analyst Steve Franco.
He added he expected to hear about the status of a Edify product for Microsoft's Windows NT, which he said "will
significantly improve the company's competitive position." Currently, the Santa Clara, Calif.-based company offers a
product only for IBM's OS/2, but an NT product is expected to ship before the end of the year. Edify makes software
that automates services, allowing users to enter a company's database through a telephone, for example. Shares added 1
3/4 to 16 5/8.
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