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Technology Stocks : Comverse Technology

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To: NotNeiderhoffer who wrote (674)3/17/1999 12:12:00 PM
From: Beltropolis Boy  Read Replies (1) of 1331
 
>Those are pretty much the highlights although not an exhaustive list. You people don't pay me enough for that.

what's your going rate, beelzebub? i've got a couple of old iron maiden 12-inchers i could dust off for ya. ("six, six, six, the number of the beast! six, six, six, the one for you and me!") and i'm sure ambrose is a dungeons & dragons guy. those original D&D manuals -- before they excised asmodeus and company -- go for a pretty penny.

but you already know that from ebay, eh?

thanks once again for the quick scoop.

even tim luke couldn't come to today's rescue.

-chris.

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RESEARCH ALERT - Comverse Technology
March 17, 1999 10:47 AM

NEW YORK, March 17 (Reuters) - Lehman Brothers analyst Tim Luke on Wednesday raised his earnings estimates on Comverse Technology Inc., a maker of computer and telecommunications information systems, for fiscal years 1999 and 2000.

-- Raised fiscal year 1999 earnings per share estimate to $2.82 from $2.77.

-- Raised fiscal year 2000 earnings per share estimate to $3.38 from $3.32.

-- Raised 12-month price target to $100 from $85.

-- Says increases come following strong earnings report on March 16. Company reported fourth quarter 1999 earnings per share of $0.66, beating Lehman estimate of $0.63.

-- Says revenues were higher than expected with strength in the U.S. and Europe, and an improving backlog that provides "impressive visibility into the first half of 1999."

-- Says balance sheet strengthens with strong cash from operations and inventories were "moved sharply lower.

-- Reiterates buy rating.

-- Share price down 1-3/16 at 82 on the Nasdaq stock market.
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