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Technology Stocks : Teletek (TLTK): Relaxed and Holding

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To: Jim Ball who wrote (2232)10/9/1996 6:47:00 PM
From: Roger Brown   of 3645
 
Couldn't tell ya...

$3.875 * 13 million shares is $50 million....the market cap equals the past 4 Qs revs...and the company was profitable....people are just a little uneasy...if one felt fine at $5, then they should feel better at $3.875...

It is getting quite ridiculous though i might say...just waiting like everyone else...i guess some think that the company will crumble and that it's a sham...KPMG will help out next week...

Intuitively i'd think that the share price would rise since they stated the past 2 years earnings...and last year was revised upward...and this year was not revised downward..since most were expecting a flatish last Q since they had the MCI debacle...
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