Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Manx who wrote (1065)	3/8/2000 9:43:00 AM
From: Manx	Read Replies (1) \| Respond to of 1331

Another upgrade: 289 Wednesday March 8, 9:22 am Eastern Time Alert: Us Bancorp Raises Comverse Tech Share Price Target to $289 Vs $125 (NasdaqNM:CMVT) (This is a headline-only alert, although it will likely be followed by an article soon)

To: Manx who wrote (1065)	3/8/2000 2:18:00 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 1331

Manx, For the record, Here's the article related to the 2nd headline alert in your earlier post. I wonder if they're trying to scare us out of Comverse so that their clients can buy in at a cheaper price. If not, I suppose that he has a basket of stocks he rates as "BUY" which have met or beaten earnings estimates for more than 23 straight quarters. Yeah, Right. ------------------------------------------------------------ Wednesday March 08, 2000 (09:01 am ET) Jefferies Downgrades Comverse Technology Shares to Accumulate NEW YORK, Mar. 08 (Standard & Poor's) - Comverse Technology, Inc. (CMVT 222 1/8) posted $0.60 Q4 EPS on 27% sales rise and set a 2-for-1 stock split. Jefferies downgraded the company's shares to accumulate from buy. Analyst Ashton Douglas told his salesforce Q4 was the 23rd straight quarter of meeting or beating expectations. He says upside continues to come from a strong top line, slightly stronger operating margins, and strength in Asia and Europe. The analyst notes that repeat sales remain high at 80% of total sales, while backlog was up 9% sequentially. Douglas raised his $2.56 fiscal 2001 (January) EPS estimate to $2.64 and increased his $3.06 fiscal 2002 EPS forecast to $3.18. Despite the strong results and CMVT's status as an industry leader, the analyst downgraded its shares on the belief there should be a limit to the premium investors are willing to pay for the company's visibility and upside. personalwealth.com