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Technology Stocks : Comverse Technology -- Ignore unavailable to you. Want to Upgrade?

To: Beltropolis Boy who wrote (959)	12/23/1999 12:31:00 AM
From: NotNeiderhoffer	Read Replies (2) \| Respond to of 1331

CM, Well the Yanks dealt Irabu today. But please don't give up on New York Baseball. I would like you to be my guest for a Mets game the next time the Braves are in town. It will no doubt be "Energizer Battery Day" at Shea: cnnsi.com Can you believe that interview? There has not been a noteworthy post on this thread in quite a while. That won't change tonight but lets at least talk about a few things. The stock has been a bit range bound lately-have we lost our mojo? Starting to looks like Janus was the marginal buyer. Many moons ago, in a market much different that this one, in practically a galaxy far, far away, there was a company called Boston Tech that was well known for the interplanetary phenomena known as the dreaded "hockey stick". I remember my first run in with the hockey stick. Back in '92 or '93 a company I owned came out on the tape saying that their quarter was shaping up like a hockey stick. I quickly rounded up a few sports fans in the office and said "what the hell does hockey have to do with their earnings report" Well that was a rude awakening to the hockey stick phenomena which of course means a quarter that is back end loaded-sort of like 20-20-60 in terms of revenue linearity for the three months that make up a quarter. The old Boston Tech was the king of the Hockey stick. Perhaps their proximity to the old Boston Garden inspired them. Dunno but back a few years ago before CMVT bought them they were trying to close a deal with the folks from AT&T cellular (or a cellular operation they eventually acquired) and as an inducement to close the deal they offered warrants to sign on the dotted line so that they would not come in shy and have their stock blow up for the second or third time in two years. So they granted a nominal amount of warrants, which, through the years, have become an enormous amount of money, as in hundreds of millions of dollars of CMVT stock if memory serves me right. The treasury deparment at T just finished selling off a chunk of these again (around 800,000 share or so if I am not mistaken) which certainly weighed on the stock last week. Paul Baker related the story at the CIBC conference a few weeks ago and thought it was worth repeating. That was essentially the gist of it. And to add insult to injury, those rat bastards won't even give us an order after they made all that money for essentially doing nothing. Several months ago I had dinner with a sell sider who is considered the axe in Qualcomm. He was one of three original analysts on QCOM back from QCOM's IPO days (along with Tim Luke) and I tried to convince him that he owed it to himself to give CMVT a close look. He has quite a following at this point considering how that stock has worked out. Almost makes us look like LUzers. Additional analyst coverage might give us at least a temporary shot in the arm. NotsureifwehaveacatalystlurkingNeiderhoffer