Applied Cellular Technology (ACTC) Message Board

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Technology Stocks : Applied Cellular Technology (ACTC)

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To: James F. Hopkins who wrote (912)	7/8/1998 11:12:00 AM
From: TScott	Read Replies (1) of 1062

APPLIED CELLULAR TECHNOLOGY, INC. ($3) STRONG TECHNICAL BUY RECOMMENDATION ATLANTA, July 8 /PRNewswire/ -- Attkisson, Carter & Akers Incorporated today issued the following: We are issuing a strong technical Buy Recommendation on Applied Cellular Technology, Inc. (Nasdaq: ACTC) at the $3 a share level. Our near term target is in the $5-$6 area with a longer term target of $10 a share. The chart indicates the making of a triple bottom at the historical $3 support level. This technical recommendation supports our long term Buy commendation which is based on the strengthening fundamentals of the company. Management feels comfortable with fiscal 1998 estimates of $200+ million in revenues and $.40 a share in earnings. At $3 a share the stock is selling at only 7 1/2 times estimated earnings. Applied Cellular Technology, Inc. is a builder and provider of infrastructure services and solutions to the communications industry.

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