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Technology Stocks : Comverse Technology -- Ignore unavailable to you. Want to Upgrade?

To: Mark Ambrose who wrote (1307)	3/29/2001 11:41:42 PM
From: Mark Ambrose	Read Replies (1) \| Respond to of 1331

More about the new BUY rating on CMVT and a link to see the full report. investor.cnet.com Comverse Technology (CMVT): Initiating Coverage With a Buy Rating and $75 Price Target NASDAQ: CMVT Rating: BUY (We anticipate the stock will outperform its peer group over the next 12 months.) Sector: Wireless Price Target: $75 We rate CMVT shares a Buy with a DCF-derived price target of $75. We believe Comverse provides investors with exposure to the high-growth wireless Internet infrastructure software market, with the protection of a steady recurring revenue stream from the company's legacy business. Although CMVT trades at a premium PEG multiple to its peers, at 1.5x versus the peer group at 0.8x, we believe Comverse should be afforded a premium valuation due to its strong recurring revenue stream and excellent track record meeting or exceeding financial guidance. To view the report online, click here: wrhambrecht.com