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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: Brian Lempel who wrote (10047)	2/14/1998 12:55:00 PM
From: Richard Haugland	Respond to of 13456

*1 Stock -- 1 Week* XETA Long open Tuesday. XETA is a small-cap telecommunications company (~2,000,000 shares outstanding) that provides PBX equipment for motels/hotels. It has low/no exposure to Asia but IMO could have benefited from the strong dollar on purchases from it main supplier, Hitachi and strength in the lodging industry (apparently their major customer is Marriott). XETA moved up about 10% last week to close at 20 1/4 and its earnings are scheduled to be announced on Tuesday. Last quarter the company hit $25 before earnings. Revenues increased ~40% last FY (ended October 31, 1997) and net income increased ~35%. The comparable quarter of last year had 14 cents per share (lowest of the year) but expected this quarter is 28 cents. In addition, XETA has a share-repurchase program to put about 1/3 of its net income into buybacks. That appears to have reduced the number of shares outstanding by up to 10% so far with more purchases announced for last quarter. In its solicitation for its annual meeting XETA requested approval of a plan to split the stock. Other than in this indirect announcement it has not been generally announced to the public because it is not final. www1.wsrn.com