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

To: McNabb Brothers who wrote (2404)	12/18/1997 1:30:00 AM
From: J. Brent Reeves	Respond to of 2806

<<Would you please tell me why the stock price is not going up with all the good news all you ECI bulls keep posting to me?>><<Hank McNabb>> Hank, I know this won't come as a shock to you, but I don't really know a whole heck of a lot about stocks. I'll leave that to you investor types. I have no idea as to why ECI does what it does, but it's the same for ME for most other stocks I watch. I see companies that have NEVER turned a profit, and their stock is doing great. Doesn't make any sense to me, but for now I'll assume that at some point in time a company's stock will accuratley reflect the company's performance and future potential. Here's an ECI observation, and I'll just use ballpark numbers. In Jaunuary 1997 Excel had approximately 4 million customers, and Telco and somewhere around 2 million customers. John McClain, Excel's COO, blames the poor results of the current quarter on rapid customer growth that is now being fully expensed at the time the cost is incurred. Mr. McClain goes on to state that Excel has approximately 6 million customers. Now by Kentucky math, maybe Arkansas too, that's about the same number of customers the two companies had way back in January of this year. Where's the growth? I anxiously await the 4Q report that will most likely come out in mid to late January. If there's really a lack of growth in the customer base, it will show up in that report. If there has been stagnation for the past year, your short will be looking good. If Excel added a boat load of new customers in 4Q, your short won't look so good. I have no idea which way it will go. If I'm right about the 4 million and the 2 million, if those are accurate numbers, the math is easy. J. Brent Reeves