Inter-Tel INTL Bottom Fishing Message Board

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Technology Stocks : Inter-Tel INTL Bottom Fishing

INTL 28.06

+0.4%

Nov 6 4:00 PM EST

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To: Mark A. Forte who wrote (20)	1/22/1997 10:14:00 AM
From: Mike Mansour	of 156

Mark, Here's a few quotes from the Red Chip Review (a small cap newsletter). "Recently the co. has spent a great deal of effort expanding it's direct sales capabilities and direct dealer network. In addition, it is in the process of establishing a dealer network in Asia, particularly Japan, adding to it's 20 dealers in the UK and Europe." "Revenues still climed 26% to 47.4 million, another record quarter (Q3). The strength continues to be fueled by demand for AXXESS systems and software .." "Gross margins slipped slightly during the quarter ... to 41.35% vs 41.46% for the corresponding period last year." SG&A was also up - they're expanding their sales force. EPS was $0.20 vs estimate of $0.26 and the stock got hammered. The company "attributed the gap to a number of short-term issues ..." Red Chip is projecting 1997 revenues of $218 million and net income of $16.5 million or $1.22/share. Using an 18-22 PE should yield a $25 stock price in 1997. Some people want to get rich quick and don't find the prospect of a 30% return attractive but I'll take it any day if it seems reasonable vs the investing in some of the other hype around here (whoops, hope I didn't blow it with INCE!) That's basically what I know. Take care.

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