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Technology Stocks : Boston Technology - BSN

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To: Mark Ambrose who wrote (123)	11/19/1997 6:31:00 PM
From: Mark Ambrose	of 138

BSN raised to BUY (from Neutral) by First Albany. biz.yahoo.com ---------------------------------------------------------------------- Wednesday November 19, 8:42 am Eastern Time RESEARCH ALERT - Boston Technology raised NEW YORK, Nov 19 (Reuters) - First Albany said on Wednesday it raised its rating on shares of Boston Technology Inc to buy from neutral after the company reported solid third quarter results and based on recent share price weakness. -- Boston Technology reported third quarter earnings of $0.25 per share compared to $0.15 per share, in line with analyst Michael Riffle's estimate. -- Management indicated that it had good visibility into the fourth quarter and it expected to end the year with 50 percent of its sales coming from North America and 50 percent coming from international markets. -- Raised fiscal 1999 earnings estimate to $1.25 per share from $1.21 per share after stronger-than-expected gross margins in the recent quarter, he said. -- The recent sell-off in the shares presented a buying opportunity, he said.

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