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: Beltropolis Boy who wrote (1143)	5/29/2000 5:02:00 AM
From: Mark Ambrose	Respond to of 1331

Salomon stays bullish on Israeli high-tech stocks ( although CMVT is not a "top pick," they have high hopes for it in 2000 ) biz.yahoo.com Sunday May 28, 10:34 am Eastern Time Salomon stays bullish on Israeli high-tech stocks TEL AVIV, May 28 (Reuters) - Salomon Smith Barney remains bullish on Israel's technology sector and expects some stocks to double in price by year end. ``We believe the Israeli technology stocks will continue to outperform the broader market,'' wrote analysts Victor Halpert and Colby Wheeler in a report dated May 26 and released on Sunday. Their top picks are ECTel Corp (NasdaqNM:ECTX - news), Magic Software (NasdaqNM:MGIC - news), M-Systems (NasdaqNM:FLSH - news) and Nice Systems (NasdaqNM:NICE - news). ``Israeli technology companies have matured in the way they target their prospective markets, establish distribution channels, develop strategic alliances and manage Wall Street expectations,'' the report said. ``For the first quarter of 2000, on average, our universe of companies performed better than expected. We believe that is now the trend.'' The report noted that year-over-year aggregate projected earnings in Israel's high-tech sector stand at more than 20 percent. ``In our universe, some companies have earnings growth projections above 70 percent,'' Salomon said. ``Given the robust fundamental landscape, we see a strong propensity for continued upward estimate revisions.'' M-Systems, for instance has a target price of $115, well above the current price on Nasdaq of $53-1/4. Halpert and Wheeler said they are ``aggressive buyers'' of the share, following contracts with major original equipment manufacturers (OEMs). A shift in the revenue mix towards telecoms companies should boost ECTel to $30 from $15-3/8, they wrote, adding that ECTel is poised to acquire new companies to expand its Internet Protocol activities and to offer a larger line of products. The completion of two acquisitions and two more in the pipeline will jump start Magic's shares, pushing them to $40 from $12-13/16. Salomon said it also had high hopes in 2000 for Comverse Technology (NasdaqNM:CMVT - news), Galileo Technology (NasdaqNM:GALT - news), Gilat Communications (NasdaqNM:GICOF - news), Gilat Satellite Networks (NasdaqNM:GILTF -news), Radvision (NasdaqNM:RVSN - news), Radware (NasdaqNM:RDWR - news), Tecnomatix Technologies (NasdaqNM:TCNO - news) and Zoran Corp (NasdaqNM:ZRAN - news) -- most of which are expected to post share price growth of two to three times that of 1999. The brokerage giant said it was not only bullish on Israeli high-tech but on the wider technology and telecommunications sectors, recently shifting to an ``overweight'' recommendation from ``market weight'' in its tech sector allocation. ``Despite the recent market volatility we continue to believe that these sectors should be be overweight in equity portfolios,'' Salomon analyst Andrew Barrett wrote. Strong global economic growth should drive demand over the next two years along with growth in Internet infrastructure, he noted.

To: Beltropolis Boy who wrote (1143)	5/30/2000 6:03:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1331

>NotonebitsurprisedthatDaBaumdoesn'tknowComverseALWAYSreportsonTuesdayafterthecloseCM are we eating French this week, NN? what a faux pas. i guess that should've read: ...ALWAYSreportsonTuesdayafterthecloseexceptafteraMemorialDayholidayCM Q4 FY99 - tue mar 7, 2000 Q3 FY99 - tue nov 30, 1999 Q2 FY99 - tue aug 31, 1999 Q1 FY99 - tue jun 1, 1999 Q4 FY98 - tue mar 16, 1999 Q3 FY98 - tue dec 1, 1998 Q2 FY98 - tue aug 25, 1998 Q1 FY98 - tue may 26, 1998 NotsureifFirstCallhasitrightorifearningsareoutnextTuesdayafterthecloseCM