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Technology Stocks : VTEL: Anyone else follow this? -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (854)	11/19/1997 7:36:00 PM
From: Yeadon	Respond to of 1214

It is hard to figure the significance of the sales drop, and whether it was in VTEL or CLIX lines. But the fact that cost control is finally happening is a big plus. Yeadon

To: E_K_S who wrote (854)	11/20/1997 1:49:00 PM
From: Yonik Seeley	Respond to of 1214

Here is what I saw on briefing.com: it is a little more positive. VTEL CORP (VTEL) 8 1/8 +1/2. The world's largest developer and manufacturer of Digital Visual Communication systems surprised the investment community with its return to the black in the first full quarter of operations since its acquisition of Compression Labs Inc. For the 1st qtr ended Oct. 31, the company reported net income of $120,000 or $0.01 a share, reversing a loss in the previous quarter of $5.7 million or $0.25 a share. Both the First Call and the Zacks mean estimates called for the company to report a loss of $0.05 a share for the qtr. On a year-over-year basis, revenues rose 56.8% to $44.23 million. "Returning to operating profitability in the first full quarter of post-merger operations indicates that our early transition planning allowed crisp execution to capture immediate operating efficiencies," commented the company's CEO/President. Upon hearing the news that the company was able to eke-out a profit for the period, Advest analyst Herbert Maher reiterated his "buy" rating on the issue. The analyst's six-to-twelve month price target of $12 suggests upside potential of 48%. Fundamentals: P/E= 8.83; P/S= 1.31; 5-yr growth est= 25%; PEG= 0.35 Most Recent Recommendation: On 11/01, Arneson Kercheville Ehrenberg & Associates analyst Jeff Dabbs reaffirmed his "strong buy" rating on the stock. The analyst's 12-month price target is $10-$12 a share. Observations: Fairly light analysts coverage mitigated by compelling fundamentals... Issue appears attractive as a longer-term investment... Over the short-term, investors and analysts are not as aggressive at searching for the small-cap gems, which could limit the stock's upside.

To: E_K_S who wrote (854)	11/20/1997 4:24:00 PM
From: Rex Takasugi	Respond to of 1214

Hi, Eric! Yes, the revenue situation is a concern, and was discussed at length on the conference call. If you have a spare hour, I would recommend listening to the replay, as it'll save me a lot of typing. The attitude was generally very upbeat on the part of both management and analysts. Today's market action was ok, but not spectacular. I still think we're going to see some good action in VTEL over the next couple of months to the upside, based on my technical work. Best, Rex