Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (12491)	12/12/2001 8:29:52 AM
From: Softechie	Read Replies (1) \| Respond to of 99280

SELL rating? Comverse Tech (CMVT) 21.94: -- Update -- A case of dueling analysts following CMVT earnings report. Following a Morgan Stanley upgrade this morning (see 7:37), Merrill Lynch out with note downgrading CMVT to near-term REDUCE/SELL from Neutral. While numbers were in line, co continued to experience declines in deferred revs and backlog. Co's new 2002 guidance of $0.60 is well below the expected $0.80-$0.85 level; Merrill's new model suggests even lower EPS of $0.48. Using management's guidance of $0.32 from ops, firm arrives at $13 value for the shares. Comverse Tech (CMVT) 21.94: Morgan Stanley upgrades to OUTPERFORM from Neutral, based on the sequential stabilization in orders and guidance for sequential stability in backlog into Jan.