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Technology Stocks : Melita International (MELI)
MELI 2,301-0.3%Nov 5 3:59 PM EST

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To: J. DANN ADAMS who wrote (95)8/5/1998 1:40:00 AM
From: M. Carver   of 203
 
Dann,

I agree with the "oversold" status on MELI. With the Dow down 300 points today, MELI only budges down -3/16, I will take that anytime on a day like today.

The public relations person I spoke with on Tuesday was very informative. He mentioned how MELI is being (unfairly) punished by the sector being down and out. We talked about their competition missing their numbers and whining about slowdowns in the industry, but that MELI is not suffering those problems (in fact, just the opposite!).

He talked about management's commitment to enhance shareholder value and what a good play Melita is for both growth and value fund managers to look at presently. Good Call !

By the way, Thalmann and Laddenburg came out with a $25 price for MELI
(read it on Pointcast-Zacks!)

Mark
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