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Technology Stocks : Excel Switching Corporation (XLSW)

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To: Crash who wrote (45)6/2/1998 11:14:00 AM
From: JakeStraw  Read Replies (2) of 222
 
RESEARCH ALERT - Excel Switching started

NEW YORK, June 2 (Reuters) - Piper Jaffray said on Tuesday it started coverage on shares of Excel Switching Corp.
with a buy rating and a 12-month $22 per share price target.

-- Company provides open, programmable, carrier-class switching platforms for wireless and wireline
telecommunications networks worldwide, analyst Edward Jackson said in a research note.

-- Excel has several key industry customers, solid balance sheet and strong, consistent financial performance,
industry-leading technology and a large market opportunity.
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