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Technology Stocks : Ditech Corporation (DITC) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (105)	6/28/2000 2:19:00 PM
From: CrazyTrain	Read Replies (1) \| Respond to of 177

Rapid Growth for Telecom Equipment Firm (DITC) June 28, 2000 -- Growth advisor Jim Oberweis offers a compelling small-cap play on today's telecom infrastructure boom. Ditech Communications (DITC - $88.00) makes and markets echo cancellation products, which eliminate a significant problem today's networks. Echo often results from speech signals that are reflected back to the speaker during a normal phone call, making conversation difficult, Oberweis says. These generate most of Ditech's revenues. But the firm also offers optical communication products enable service providers to ease capacity constraints by implementing wavelength division multiplexing technology. Oberweis looks for stocks with rapid growth, and Ditech is a good example. Q4 1999 revenues grew over 500% to $46.8 million from $7.3 million in the same quarter last year. Ditech's EPS rose to $0.30 vs. last year's loss. For FY 1999, revenues grew 360% to $116.9 million while net income rose to $29.9 million from a loss of $922 thousand the previous year. Analysts credit the density, flexibility, and low cost of Ditech's products. Oberweis is also bullish on the future. He predicts revenues (and EPS) will grow to $117 million ($1.30) in FY 2000 and $200 million ($2.00) in FY 2001. "These shares may be appropriate for risk-oriented investors," Oberweis says. He placed clients of his asset management business into 8,000 shares. For more on Jim Oberweis' advice see "Current Recommendations," June 2000, The Oberweis Report. Jim Oberweis provides supercharged, rapidly growing companies that won't stay unknown forever; small-cap stocks with revenue and earnings growing at least 30% and mid-caps growing at least 20%. investools.com