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Technology Stocks : VTEL: Anyone else follow this?

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To: BruSi who wrote (1105)3/13/1999 1:10:00 PM
From: Yeadon  Read Replies (1) of 1214
 
I just watched the video and what a disaster. What could have been great for the stock turned into a flop. I agree that their explanation was weak.
Once again VTEL has snatched defeat from the jaws of victory.
I think it is interesting that VTEL's stock price jumped so little (in real terms, not in percentages) on supposedly big Internet news. If there was any faith at all in the company on the Street, the stock would have jumped to the high single digits at least. That is what real Internet accomplishments can do in this crazy stock market.
(Look at what an Internet announcement did for K-TEL's stock a while back.)
I would still be cautious about this stock. Analysts can get a preview of VTEL's new products now (that will be coming out this summer) that are supposed to be such a big hit. Yet no one has been excited enough to upgrade the stock.
Yeadon
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