Thursday April 15, 10:09 pm Eastern Time
StarTek seen as cheap Internet play-Business Week
NEW YORK, April 15 (Reuters) - StarTek Inc. (NYSE:SRT - news) is a rarity -- an
undervalued Internet play, according to the April 26 edition of Business Week.
StarTek's earnings grew 45 percent in 1998, while its revenues grew 58 percent, Business
Week said.
The company provides clients, including some major technology firms, with support for e-commerce and Internet ventures, as
well as inventory management, order processing, and distribution.
The shares, which closed at 11- Thursday on the New York Stock Exchange, trade at about 14.9 times analysts' 1999 earnings
estimates of 75 cents a share, the magazine said. The company also has $2.60 a share in cash, net of debt.
''StarTek is definitely an undiscovered and undervalued Internet play,'' Business Week quoted James Awad, chairman of Awad
Asset Management, as saying. His firm has accumulated a four percent stake in StarTek.
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