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NEW YORK -- Shares of Davox Corp. (DAVX) rose nearly 8% Friday
following news the company is expanding its marketing and distribution ties
with Lucent Technologies Inc. (LU).
Under their original agreement, Lucent distributes Davox's Unison
call-center management system.
In a press release Thursday, Davox said Lucent will now also market and
distribute LYRICall, Davox's browser-based scripting and application
design software for call centers.
Analysts said Friday the expanded agreement shows Lucent is enthusiastic
about the relationship.
That enthusiasm carried over to investors, who pushed Davox shares up
7.9%, or 1 5/16, to 18. Trading volume was 422,500, compared with
average daily volume of 402,400. The shares traded at 16 5/8 earlier, close
to their 52-week low of 16, reached May 27.
"The extension of that (distribution) channel shows the strength of that
relationship with Lucent, and Davox's ability to leverage that relationship,"
said Edward Jackson, who follows Davox for Piper Jaffray Inc.
A Davox presentation Thursday at a Piper Jaffray conference in
Minneapolis could also be boosting shares, said Davox Chief Executive
Alphonse Lucchese.
"We had a good day in Minneapolis," he said of the conference, where
company executives discussed Davox's recent acquisition of Answersoft
Inc. and other topics. "And I was hearing from some people they thought
the stock was undervalued."
Davox, based in Westford, Mass., is a developer and integrator of
call-center management software solutions used by credit/collection,
telemarketing and customer-service organizations.
- Charlene Oldham; 201-938-5173
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