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Technology Stocks : Genesys Telecommunications (GCTI)

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To: TheRainmaker who wrote (116)7/28/1998 8:45:00 AM
From: Bobo  Read Replies (1) of 220
 
<How Low Can This One Go? Is this a time to jump in?>

It can go lower no doubt but this (and yesterday in particular) are very good prices IMO. At yesterday's close the stock trades a little over 30 times fwd 12 mo earnings. GCTI is now my largest holding.

BTW, I view yesterday's announcement to move McCloskey into the president position as VERY positive. This company needs to execute and reinforce its mgt structure to get to $500mm in revenue. McCloskey is well equipped to get the job done.

BTWBTW, I have heard recently that the pipeline for the company over the next 2 qtrs is very robust and that we should see sequential growth Q4 (just ended) to Q1. This would be a significant accomplishment given the fact that Q1's in sw companies are always weak and this falls in the summer.

Still Patient,
Bobo
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