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Technology Stocks : Convergent Communications, Inc. -(CONV) -- Ignore unavailable to you. Want to Upgrade?


To: JoeWeinberg who wrote (36)8/16/1999 11:22:00 AM
From: JoeWeinberg  Read Replies (1) | Respond to of 105
 
Goldman Sachs rates CONV "Market Outperform". No wonder. Reviewing the latest SEC Form 10-Q (June, 1999), the agreement with Cisco Systems calls CONV to achieve the following EARNINGS EBITDA numbers:

FYE 2000 $ 6,500,000
FYE 2001 $ 35,450,000
FYE 2002 $107,750,000
FYE 2003 $184,250,000
FYE 2004 $297,250,000
FYE 2005 $430,750,000

Cisco is smart to aling with CONV as this is an impressive growth rate which Wall Street should embrace. To generate these figures, CONV will have sales of $2.0-2.5 billion. However one crunches the numbers, this is an exciting company which should be of interest to a Cisco, Lucent or other telecommunications players.