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Technology Stocks : audiocodes ltd. (AUDC) -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (135)	4/10/2001 12:27:13 PM
From: Herschel Rubin	Read Replies (1) \| Respond to of 229

Listen carefully to the audio replay from the March 14th Earnings Preannouncement call from AUDC. audiocodes.com You will find there are several tidbits mentioned by AUDC management during the call, which the astute investor would take note of: 1) "In the coming weeks, we'll announce a few more products..." (I believe most of those announcements occurred from March 21-27th, but maybe there are more to come). 2) More importantly, if you fast-forward to around minute 25:30 of the replay, you'll notice that when Barry Liebowitz of MSDW asks Shabat about Asia/Europe/China weakness, the response was: a) They're not seeing any changes [weakness] in China... b) The wording is basically as follows as best as I could hear on the replay: *"They (China) have some very intensive plans to build their own gateways and we are talking to several of them and hopefully we will be able to report on some design wins going forward..."* Any mention of a design win in China (where VoIP is really going to be big time) would send AUDC thru the roof, especially if market conditions continue to improve like they have been. They also mentioned the buyback and stated that share prices had escalated rather quickly after their buyback announcement, so they "had not seen a move to implement that." Note when they issued the earnings warning AUDC was over $12/share.

To: Arik T.G. who wrote (135)	4/11/2001 12:27:57 AM
From: Analog Kid	Read Replies (1) \| Respond to of 229

Thanks. Actually their warning was not that bad - similar to AudioCodes in magnitude. And the 1/2 of their business involved in software development tools appears to be healthy, it's their products side that is hurting, similar to everybody else. Anyway, I think they have similar potential to AUDC, possibly even more, in that their software tools constitute a "platform" for developing VoIP software that probably has a substantial degree of "lock-in" - not sure if AUDC chips lock in customers or if it's easy for customers to switch from AUDC chips to a competitor's such as Telogy. AK