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Technology Stocks : Melita International (MELI)
MELI 1,999+0.2%12:59 PM EST

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To: Michael Donahue who wrote (178)3/23/1999 12:48:00 AM
From: pezz  Read Replies (1) of 203
 
<<the street's expectations may be a
little aggressive, at least in the short term. In order to meet these growth
expectations,it would appear MELI needs to take clients away from their
competitors and / or improve margin>> Mike, it would seem that the streets expectations have been some what reduced judging by the stocks recent performance. Does anyone doubt that the stock would respond in a very positive way [ from current prices ]if earnings are as predicted? I suspect that this decline has been feeding on it self. I have a friend who owns the stock and insists that some one must know some thing about earnings for the stock to be tanking like it is. As far as taking clients away from competitors it would appear that is just what they have been doing.Witness the decline in sales of DAVX their chief competitor as meli's sales have risen................And so why the hell is it going down??? Could be my friend is right... Or could be some remember it's decline to 7 last year.I remember that decline and I remember it's subsequence rise to 25 as the earnings were above expectations. Since I have foolishly ridden it down I am reduced to hoping that this will be a replay of last year.
pez
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