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Technology Stocks : Madge Networks
MADGF 5.300-5.1%Oct 31 12:51 PM EST
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To: Toby L. Toth who wrote (8)12/22/1996 12:53:00 PM
From: Mike Iannamico   of 23
 
Hi Toby,

You wouldn't know it from watching this board, but the stock trades on the average of about 2-300,000 shares a day. In my opinion this stock is over-looked by American buyers but is slowly making a name and gaining recognition here from their California headquarters.This is a technically strong networking company with a hand in almost every global market and strategic partnerships with many of the most influential network players. It also has on-going contracts with many large corporations. The price should begin to accelerate as ivestors anticipate a profit will be announced in January after two consecutive periods where gross profits were down due to restructuring although sales have been increasing steadily. Some expect a possible buyout by IBM, Compaq, British Telecom etc., since these are companys that use and market their products and who are scouting to acquire networking expertise in ATM, and fast Ethernet for network computing, video conferencing and voice over lan.
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