ACTM $100 Million Cable Modem Contract with MOT Message Board

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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT

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To: Asymmetric who wrote (369)	12/17/1997 9:42:00 AM
From: jeffbas	Read Replies (2) of 1250

IPO was at $12. It is my view that both the recent analysts will be right in their upgrade and downgrade, believe it or not. A G Edwards did visit the company before their (high professional risk) upgrade and I had read to me some of the report. They also feel that the recovery will be a bit slower than expected. However, the company is still comfortable with Street estimates of $1.30 to $1.50 for 1998. Edwards view is that a year from now we will be looking at a good 1999 on top of a recovery 1998, with the stock approaching double the $14 recommendation price. However, as R-S said, it is cause for concern that the recovery may be slower than expected. They appear to be taking a short term view. (But the stock is $15, not $25.) I believe that on a Price/Sales, Price/Book, or Price/Earning Power basis ACTM offers the value investor very good opportunity up to about $20. However, the stock is quite volatile and patience will probably be required. CEO Pino owns more than half the stock and is a very sound guy - he will do what it takes.

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