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Technology Stocks : Comverse Technology
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To: KLH who wrote (466)6/10/1998 12:50:00 AM
From: Eric Hochstein  Read Replies (1) of 1331
 
Karl,

I too have been in this one for a long time...almost nine years...and doubt that its a strong takeover candidate because of the convoluted ownership relationships, the government research funding through Israel (and indirectly the US), and the relationshp of some of its product line to military research. I strongly doubt that this is one which Nortel will be giving its close eye to.

BTW, I know that this stock traded at much less than $1.00. I recall buying 500 shares in my relative youth and wondering whether I could really afford the almost $300 to spend on an unknown company that I saw at a messaging trade show in NYC in 1989 demonstrating the world's first faxback application! In fact, Quicken tells me that the price at that time was almost $0.50 (or a basis of $5 after the damn reverse split. This was the first reverse split I went through. For a moment, after looking at the WSJ the day after the split, I thought I had hit the jackpot!)

Its been a while, but growth from $5/share to $52+ is nothing to laugh at.

Eric
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