AUDC..YUM
YUM was downgraded even after a good earnings report the end of April. The stock is now trading in the fifties, more attractive than it was in April. Broke through resistance on Friday at 56 3/4.. The chart is improving and although there could still be short sellers lurking, YUM should be watched for further indicator breakouts in the next trading sessions
AudioCodes Ltd Is Listed On NASDAQ Following IPO
AUDIOCODES LTD Listed on NASDAQ National Market System Following Initial Public Offering
May 28 ,1999, AudioCodes Ltd was admitted to the NASDAQ National Market System following its Initial Public Offering of 3.5 million shares at $14 per share. The company's stock trades under the ticker symbol AUDC. Co. address: 4 Hahoresh Rd., Yehud , 56470, Israel/011-972-3-539-4000
AUDC sells its products to Alcatel, Cisco, VocalTec and ClairNet, among others, A large shareholder is Genesis Partners, with a share package worth $30 million. Genesis is a venture capital fund managed by Israeli representatives of the US investment bank Oppenheimer. The fund, set up in 1997, manages a total of $90 million in investments.
AudioCodes closed Q1 '99 with $5.8 million in revenues, and a net profit of $1.6 million. |
