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Technology Stocks : Comverse Technology
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To: Beltropolis Boy who wrote (448)6/2/1998 7:51:00 PM
From: Mark Ambrose  Read Replies (1) of 1331
 
CMVT in today's L.A. Times': "Telecom Equipment Makers Flying High"

latimes.com;

----------------------------------------------------------------------

< snip >

Jefferies & Co. analysts Douglas Ashton and Connie Fang have a
"buy" on Comverse Technology Inc. () (CMVT),
a maker of equipment for messaging, voicemail, fax and other
communications systems. The company is enjoying strong revenue
growth, a healthy order backlog and a strong balance sheet.
Comverse also had a big first quarter, with earnings and sales far
above analysts' expectations. It should get an added push from its
recent purchase of Boston Technology Inc. (),
another provider of voice and Internet messaging systems, the Jefferies
analysts said.

< snip >

Dialed In

Telecommunications equipment stocks are among the market's top
performers this year. But as their price-to-earnings multiples show,
investors expect them to keep posting exceptionally strong profit
growth. Some of the major players, ranked by year-to-date
percentage change in stock price:

Ticker Monday % change
Stock symbol close from 12/31 P/E*
Nokia** NOK/A $63.25 +82% 27
Lucent Technologies LU 68.94 +73 43
LM Ericsson** ERICY 27.63 +48 31
Northern Telecom NT 64.31 +45 34
Cisco Systems CSCO 73.56 +32 42
Comverse Technology CMVT 50.00 +28 23
Tellabs TLAB 65.81 +25 37
Qualcomm QCOM 50.31 -1 33
Ciena CIEN 51.38 -16 38
3Com COMS 24.00 -31 35
S&P 500 index +12% 23

*Price-to-earnings ratio based on analysts' consensus estimates of
1998 per-share earnings.
**American depositary receipt
Source: Bloomberg News
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