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Technology Stocks : CGRM Centigram

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To: Red Dragon who wrote (46)2/25/1997 5:00:00 PM
From: David R   of 333
 
Another point to note is that while CGRM dipped into high 11's briefly, it quickly returned to low 12's. Historically, this stock is very resistant to any price < 12, which suggests that it is a fairly safe investment. Let's hope CFO can cut expenses and revenues increase. CEO Sollman is a conservative steady growth mgr. I bet he will try to get next quarters revenues in line with his growth targets (i.e. if sales are brisk, he will add to backlog rather than have figures that are >> expectations). So that this past quarter will just be an "anamoly" in his growth figures.
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