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Technology Stocks : Verifone (VFI)

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To: Ron Wang who wrote (189)1/28/1997 2:59:00 PM
From: Xerxes Wania   of 369
 
I think the market is looking for 2-3X gains on stocks these days.
Look at ZITEL, MICRON, ASCEND, IOMEGA etc. They all had incredible gains over short periods.
VErifone is a solid company. You need to put some money in it and wake up after 3-5 yrs. You'll probably have 3-4x gains. You'll sleep well, and won't be worried about the market taking a correction (which is likely to happen in the next 2-6 months). Either ways I'm bullish on this one (short and long term).
Software is developed really cheap in India. Banglore has really good schooling too. This is probably an excellent move on Verifone's behalf.

Xerxes Wania
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