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

To: SBHX who wrote (117)	3/25/2000 2:40:00 PM
From: LBstocks	Respond to of 168

Audiovox Jumps 15% After Positive Analyst Comments By Michael Lovell Hauppauge, New York, March 24 (Bloomberg) -- Shares of Audiovox Corp., a supplier of auto electronics and cellular telephones, rose 15 percent, continuing a three-day rally after positive comments from analysts. Audiovox shares rose 6 13/16 to 50 15/16 in Nasdaq Stock Market trading of about 2.3 million, more than three times the three-month daily average. The shares have risen 34 percent since Wednesday, when Prudential Securities analyst James Thayer released a report that said Audiovox is benefiting from increasing sales of cell phones and new consumer-electronics products. The company will introduce some products this quarter and could announce new cell phone contracts soon, Thayer said. ``We continue to believe that Audiovox's prospects are excellent,' wrote Thayer, who maintained his ``strong buy' rating on the stock. Audiovox is the No. 2 maker of cell phones that use the code division multiple access standard developed by Qualcomm Inc. and is the world's fastest-growing cell phone standard. Audiovox shares fell 32 percent between March 16, the day it reported first-quarter earnings, and Wednesday, when Thayer's report was released. On March 16, Audiovox said its first-quarter earnings were $5.3 million, or 25 cents a share, and its shares fell 22 percent that day. The fall was because the company failed to beat the so- called whisper number for its earnings, said Donald Newman, an analyst at Ladenburg Thalmann, who rates the stock ``strong buy.'