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Technology Stocks : Aspect Telecommunications (ASPT) -- Ignore unavailable to you. Want to Upgrade?


To: Bob Trocchi who wrote (1899)10/17/2000 4:47:29 PM
From: Bob Trocchi  Read Replies (1) | Respond to of 2018
 
To All:

>>
Morning Comments from C.E. Unterberg, Towbin
10/17/00 10:22:46 AM
Source: CE Unterberg, Towbin

San Francisco, CA, October 17, 2000, 10:30 PST

Visit the CNET Brokerage Center for daily reports from the top Wall Street analysts.

Apsect Comm. Corp
Aspect Communications reported Q3 revenues and earnings that at first glance were in line with expectations. Total revenues of $145.5 million increased 12% year-over-year and 5% sequentially and were $3.6 million above our estimate.
Reported cash EPS of $0.00 versus $0.00 were in line with our estimate and the Street consensus. However, these results included a net after tax gain of $4.7 million from the sale of marketable securities. Without that gain EPS would have been ($0.09).
All important software sales rose 70% year-over-year and 11% sequentially to $52.4 million, $2.4 million above our estimate.
Aspect hired 75 additional sales people during the quarter resulting in higher operating expenses than estimated but establishing a solid foundation for future revenue growth and market share gains.
We are leaving our Q4 revenue estimate unchanged at $158.8 million but have raised our 2001 estimate to $760.8 from $720 million.
It was also announced that CFO Kevin Parker resigned. <<

Sounds slightly positive to me.

BTW, I scooped post number 1900, a double zero. That for sure will propel the stock!!!

Bob T.