To: Chuzzlewit who wrote (6542 ) 2/18/2000 5:46:00 PM From: DMaA Read Replies (2) | Respond to
Are they talking about TLAB? on the voice and echo cancellation side of our business, we are aggressively taking market share from our chief competitor,Ditech Communications (DITC) 104 3/8 +2 7/8: Back on February 7th, Briefing.com issued a Trader's Edge Stock Brief on DITC... At the time the stock had just jumped 10% to $140... However, we noted that with an upcoming 2-for-1 stock split (which took place on Thursday of this week) and an earnings report (released after yesterday's close), the stock would waste little time rallying back to its old high of $191... The stock has exceeded even those lofty expectations, as its earnings numbers were simply awesome... Company beat the street by 15 cents in reporting a Q3 gain of $0.83 (on a pre-split basis) v. a loss of $0.05... Revenues surged 385% to $34.4 mln... Management noted that "on the voice and echo cancellation side of our business, we are aggressively taking market share from our chief competitor, and we have substantially exceeded our revenue plan for this segment of the business." In fact, DITC continues to exceed estimates be it their own or the street's... Given such an impressive earnings track record and such dynamic top-line growth, look for Ditech to start receiving more coverage from the street... And the new coverage is likely to be bullish... Short-term, the stock has had an incredible run, peaking at $118 this morning for a gain of 68.6% in about 10 days... With the two major catalysts (split & earnings) behind it, stock should now spend some time backing and filling... However, any near-term corrective activity should be viewed as a good (re)entry opportunity for aggressive growth investors, as this company continues to hit on all cylinders. -- RW
