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Technology Stocks : Davox
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To: TheRainmaker who wrote (332)7/30/1998 4:15:00 AM
From: Czechsinthemail  Read Replies (1) of 439
 
The problems seem to center around cautious comments made by the CEO regarding disappointing AnswerSoft sales and general industry weakness. Many of DAVX's competitors had very weak earnings reports, which seems to have contributed to a feeling of general weakness, particularly in the outbound call center market. Perhaps there is a general weakness, or DAVX may be grabbing market share.

A couple of brokerage firms, FAC First Albany and CIBC Oppenheimer reduced earnings estimates. That means it is easier to make earnings targets going forward, but it may also mean their growth will be slower than previously expected if the lower forecasts turn out to be more accurate.

I think the stock is way oversold, but in a generally weak market environment, that can and does happen.

Baird
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