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Technology Stocks : PERI (Periphonics)
PERI 9.505+2.8%3:59 PM EST

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To: djaff who wrote (1513)2/17/1999 4:58:00 PM
From: Peter Stier  Read Replies (1) of 1682
 
Spoke with J. Pittito today expressing my concern about the recent drop. Wouldn't or couldn't comment on what might be causing it.

Did talk about the the loss of coverage from a firm who I didn't recognize from their web site - "Shorter" ? . Anyways, apparently loss of coverage was due to the elimination of the entire small cap group within the firm and not specifically related to dropped coverage of Periphonics.

Down to three analysts all with a 3.0 "hold" - down from 2.45 3 months ago. Going the wrong way.

Only consolation is the volume is still relatively light. Could be an insdier selling ?
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