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Technology Stocks : Verifone (VFI)

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To: Xerxes Wania who wrote (179)	1/22/1997 1:48:00 PM
From: Xerxes Wania	of 369

UPGRADE NEWS from briefings.com VERIFONE INC (VFI) 37 3/4 +3 1/2. Global provider of secure payment solutions said 4th net income rose 12.1% to $10.3 million, or $0.42 per share, while revenue grew 13.2% to $123.7 million. On a full year basis, a 22.1% increase in revenue to $472.5 million, helped lead earnings 20.8% higher to $39.3 million, or $1.53 per share. The per share earnings figure was in line to slightly above the consensus estimate of analysts' polled by various services. Company's latest results are attracting attention, as CS First Boston makes an upgrade on the issue. The firm raised its investment rating on stock to "strong buy" from "buy."

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