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Technology Stocks : Catapult Communications Inc (CATT) -- Ignore unavailable to you. Want to Upgrade?


To: jbkelle who wrote (150)7/26/2000 8:53:49 AM
From: Keith Sprague  Read Replies (1) | Respond to of 184
 
jbkelle,

I will post my comments tonight. H&Q upgraded CATT to "Buy" this morning, and it looks as though we have a gapper this morning. I will post more tonight



To: jbkelle who wrote (150)7/27/2000 12:04:43 AM
From: Byron Angel  Respond to of 184
 
JBK,
Highlights from the call:
The current quarter is off to a very strong start. Dr. Karp stated that the EPS target for the quarter should be raised. He stated business is stronger than he's ever seen it in his 15 years in the industry. He stated that the company is really well positioned in an exploding market.

Dr. Karp stated 3G cell opportunities are very good, and he is expecting strong growth in sales in this market.

With respect to the VoIP market, Dr. Karp stated that CATT is well positioned to be the vendor of choice. The recent Cisco announcement was very significant. Cisco is going to be a big customer right away.

Overall, a very positive presentation. Only one negative, the company desperately needs more engineers in order to meet the demand for their products. They are considering all available measures to find more engineers, including bringing people in from India to an office in Canada, where there are fewer visa problems. As long as they can find the engineers they need, sales and earnings are ready to take off.
Byron