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Technology Stocks : PERI (Periphonics)
PERI 10.49+10.4%3:59 PM EST
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To: Mel Spivak who wrote (1293)7/17/1998 2:35:00 PM
From: rrufff  Read Replies (1) of 1682
 
My take on the call was that it was decent for long-term. As much as I was trying to listen positively, there really was no plan of action to address the hard questions. Admittedly, this may just be a short term problem. However, that's how today's stock market reacts. Look for increase in legal, no increase in margins for now.

Hey - did the board say it would use it's money for stock buyback? Of course not, said they wanted to keep selling and possibly acquiring.

Also hedged on predicting whether they would be short term profitable. The one analyst who asked this seemed quite concerned. Wouldn't be surprised to see him downgrade or at least revise downward.

I'm still positive long-term, but I'd look to buy in the 6's.
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