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Technology Stocks : CGRM Centigram

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To: David Guggenheim who wrote ()3/10/1997 12:57:00 PM
From: Ted Levy   of 333
 
To All: Analyst upgrade!

News Alert from Reuters via Quote.com
Topic: Centigram Communications
Quote.com News Item #2244358
Headline: RESEARCH ALERT - Centigram (NASDAQ:CGRM) raised to buy

======================================================================
-- First Albany Corp said it raised Centigram
Communications Corp (NASDAQ:CGRM) to buy from neutral due to
"compelling valuation."
-- said Centrigram has little downside risk.
-- said believes company is serious about expense control,
product enhancements and increasing shareholder value.
-- said year-end price target is $14 a share.
-- Centigram lost 1/8 to 10.

Copyright 1997, Reuters News Service

This may temporarily quash my desire to buy more shares at $10 for my SEP account; CGRM is up 7/8 to $11 a half hour after this news release came out Monday morning.

Incidentally, I spoke to one of the Centigram salespeople at the Los Angeles Computer Telephony convention last Thursday; he owns some CGRM stock and is mostly concerned that with $40 Million in cash at this stock price they're liable to get bought out. Nice booth and display at the convention, but a little weak and unfocused on the presentations, I thought. AVTC and Octel got much bigger audiences for their (more frequent) pitches (AVTC's was particularly slick), but I didn't get the feeling that these were comprised of too many potential customers, just mostly general looky-loos.

I've been following this thread for awhile, and I'm high on the potential for Computer Telephony; just recently bought 900 shares of CGRM at $12 because it does seem to be the most "compelling" value in the sector. Keep up the intelligent posts!

Ted
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