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Technology Stocks : Brightpoint - CELL

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To: Paul Shread who wrote (853)8/25/1998 6:17:00 PM
From: Brian Lempel  Read Replies (3) of 1999
 
This is as nasty as it gets! My guess would be that a Merrill Lynch upgrade on the first IRIDF shipment is what gets us rolling. They don't have a 1-1 rating on the stock, I believe. Yet you know they follow it closely due to the LYONs deal, and otherwise love the company. They have the highest estimate for next year on the street of $1.10, but strongly believe that it is conservative.

So I am thinking that CELL will do some nice PR following the first shipment of IRIDF phones sometime in September. This is closely followed by one or two upgrade, as well as substantial earnings revisions.

Then we are off to $30. :o)

Brian
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