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Technology Stocks : Comverse Technology
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To: JEFF CHAPMAN who wrote (354)1/8/1998 4:52:00 PM
From: Mark Ambrose  Read Replies (1) of 1331
 
Thanks very much for posting the URL to that 1/6/98 research report.

After fumbling around downloading Adobe Acrobat Reader
(free via Netscape), I was able to read those 2 PDF files.

"Stock opinion: Reiterate Buy Rating, Price target $50-55
based on our view that investors are likely to focus on CMVT's
earnings growth in excess of 25% allowing the shares to achieve
a multiple of approx. 20-22x our revised 1999 estimate of $2.45."

"Disclosure(s)
Lehman Brothers Inc.:
- managed or co-managed within the past 3 years a public offering
- of securities for this company.
- makes a market in the securities of this company."
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