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Technology Stocks : Davox

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To: Edward De Sutter who wrote (340)8/4/1998 8:29:00 PM
From: Scott Farnsworth  Read Replies (1) of 439
 
I can't believe Davox is trading at $11, I too hold this stock and continue to average down.

Where are the analysts who were touting this company as a Strong Buy at 39? Reiterate! Upgrade on price! If a strong buy then, what now? Can business really be this bad? I know small-caps are being hammered across the board (with a few exceptions), but 11 dollars a share for a company with an impeccable balance sheet, controlled cost of sales, and an expanding product line? Call centers are not going away. Clinton impeachment and a market crash? Just think of all the phone polls.

March 10c's trading at 3 1/2 on the ask - money. March TENS!! The price sounds ridiculous.

- Scott
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