Excel Switching Corporation (XLSW) Message Board

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Technology Stocks : Excel Switching Corporation (XLSW)

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To: Bosco who wrote (68)	3/9/1999 11:37:00 AM
From: Ram Seetharaman	Read Replies (1) of 222

Todays rating news is below. 03/09 09:32 KINNARD SAYS STARTS EXCEL SWITCHING <XLSW.O> WITH BUY, $31 12 MONTH TARGET CHICAGO, March 9 (Reuters) - John G. Kinnard & Co. analyst Mike Latimore said Tuesday he initiated coverage of Excel Switching Corp. <XLSW.O> with a buy rating and a share price target of $31. -- Latimore says the company sells its products -- open programmable switches -- into rapidly growing telecommunications markets. -- Says the company has leading technology in terms of reliability and an excellent balance sheet. -- Estimates 1999 earnings per share of $0.86 and 2000 earnings per share of $1.05. The Hyannis, Massachusetts, company earned $0.55 a share in 1998, including one time charges. Excluding charges it earned $0.71 a share. -- The stock was up 1/8 at 22-3/8 in morning trade. ((Chicago equities news, 312.408.8787, chicago.equities.newsroom@reuters.com)) Morgan Stanley also has XLSW as a "strong buy" as of early 1999!

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