Melita International (MELI) Message Board

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Technology Stocks : Melita International (MELI)

MELI 1,998

+0.2%

9:30 AM EST

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To: Michael Donahue who wrote (184)	4/5/1999 11:13:00 PM
From: M. Carver	Read Replies (1) of 203

Michael, What a puzzle! I have talked to both their public relations company and someone at the company recently: Both just scratching their heads as to why we are seeing this weakness. Perhaps perceived weakness in the industry is (once again) hurting MELI in advance of their earnings. However, history (and recent analyst updates - which included a strong buy recomm. with a target of $25) seem to indicate that everything will be fine and Melita will once again exceed (or at least met) expectations and is growing at an impressive rate. Yet the stock goes down 10% today while the Nasdaq goes up over 60. Strange. Comments anybody?

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