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Technology Stocks : Excel Communications

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To: Miami Phillips who wrote (2284)	10/22/1997 1:09:00 AM
From: Rob S.	Read Replies (1) of 2806

The movement up from here isn't guaranteed to be swift or without pull-backs. The earnings and sales have just started to show improvement. Pull-backs are opportunities to buy. Excel is higher than it was a few weeks ago and will over time reach analysts target price of 35-38. That may take two months or it may take 12. Or it may go higher than the targets if the outlook improves further. Higher sales and earnings will move the price from here - before actual reports of these, reports of new sales programs or expected higher results will make it move. Otherwise its anyones guess.

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