Excel Switching Corporation (XLSW) Message Board

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Technology Stocks : Excel Switching Corporation (XLSW)

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To: .com who wrote (15)	12/16/1997 12:32:00 PM
From: JakeStraw	of 222

Full Press Release: RESEARCH ALERT - Excel Switching upgraded NEW YORK, Dec 16 (Reuters) - Morgan Stanley Dean Witter wireline equipment analyst Alkesh Shah upgraded Excel Switching Corp to strong buy from outperform on Tuesday. -- Shares were up 1-1/4 to 18-1/2 in early trading. -- Stock is below a $21-a-share IPO price. The Hyannis, Mass.-based company, which provides switching platforms for telecommunications networks, went public on November 5 with the stock closing out its first day of trading at 24-1/2. Morgan Stanley Dean Witter was the lead underwriter of the initial public offering. -- ''Excel's stock price has declined about 30 percent in the last two weeks largely on concerns abou the company's relationship with its largest customer, Boston Technology,'' Shah said in a research note. Boston Technology Inc (NYSE:BSN - news) is merging with Comverse Technology Inc (Nasdaq:CMVT - news). -- Shah believes the relationship is strong and price weakness creates a buying opportunity. Also says upcoming quarterly results remain on track and company continues to gain market share.

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