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Technology Stocks : VOXX (AUDIOVOX CORP) -- Ignore unavailable to you. Want to Upgrade?


To: Copeland who wrote (100)3/23/2000 8:24:00 PM
From: Tom Hua  Read Replies (2) | Respond to of 168
 
Copeland, what a bullish report on CNBC tonight. Some highlights:

- Insana called the company a wireless wonder.

- World's #3 cell phone maker, behind Nokia and Motorola.

- 11% market share.

- Sold 6 million phones last year, project to sell more than 10 million units this year.

- Make phones for Bell Atlantic, Air Touch, MCI ...

- 88% growth in phone sales, 50% growth overall.

- More than $1 billion in annual sales.

- 15% international sales, growing to 50% by 2003.

- 5 analysts covering the company, all 5 strong buys.

You can't ask for a more bullish report. I bought today in the low 42s, thinking it's a 1-day play, I'm having second thought. With wireles phone usage growing exponentially, this company stands to grow and benefit enormously. The company is currently valued at less than 1 times sales, as WS catches up on the story, I can see it goes for 5 times sales. This is definitely a great long term hold.

Regards,

Tom



To: Copeland who wrote (100)3/23/2000 8:24:00 PM
From: Copeland  Respond to of 168
 
Boy, talk about one helluva positive piece on VOXX. I couldn't find one negative about Audiovox that wasn't somehow countered in the piece, including the margin issue.