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Technology Stocks : Active Voice Corporation

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To: felix who wrote ()	10/1/1996 1:48:00 AM
From: Baoho Chang	of 26

Hello, Felix. I am an investor of ACVC and also think that its price is low. I have been following the stock for the past several months. The company's financial position seems to be very strong with a lot of cash on hand. After losing a major customer, its revenues and earnings seem to reboound nicely. I talked to the IR person of the company and got the impression that the company will meet the expected EPS of about $0.2 for the third quarter, which is about 10% higher than that of last quarter. Besides, I believe that the company is in a promising business, which will provide room for growth for the company. The stock used to be in the $30 range, and I think that if the company can achieve a earning growth rate of 20% or more annually, its stock price should at least be in the $20 range. Of course, as we all know, there could be things that we do not know that hold the stock price down. Do you have any ideas on ACVC to share? Any one out there has any information or commets on ACVC, please jump in. Baoho

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