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Technology Stocks : CBSI-complete bus. solutions. new y2k play!
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To: Larry who wrote (331)5/14/1998 12:59:00 PM
From: Serendipity  Read Replies (2) of 506
 
IR called...finally

I finally spoke with Rudi(?) yesterday. She said she was away at an analyst meeting in NY and could not return my call sooner. Of course, the analysts deluged them with questions on the reason for the drop in price. Rudi told me what she said she told them....that the fundamentals were sound, they were comfortable with estimates, the acquisition of Claremont will only help (and the merger was going smoother than expected), the CEO purchased shares in the open market etc etc. The things she said that could've contributed to the drop in price was that investors were taking profits because of concern over the H1B cap on visas (unjustified since CBSL pipeline is now full) and the impact of the nuclear tests in India.

All in all, a very reassuring phone call...and a very pleasant lady.

Well, I'm long on CBSL. Hope this baby takes off again.
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