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

To: HandsOn who wrote (38)	8/17/1999 12:38:00 PM
From: JoeWeinberg	Read Replies (1) \| Respond to of 105

From the CONV CC the CFO stated 2Q99 sales were $36.6 million up from 1Q99 $30.4 million for a +20% sequential quarter increase. Compared with 1Q98's $7.9 million, the increase is +460%. The CC stated that overall gross margins were higher than expected and came in for 2Q99 at 38% up from 1Q99's 34% and 1Q98's 28%. As the company's sales mix changes to higher margined services revenue, the gross margins should remain higher than originally forecast. The analysts listening to the CC were very happy with the 2Q99 figures. Hence, there should be excellent Wall Street support.