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Technology Stocks : OPTELECOM (OPTC), A FIBER COMUNICATION CO -- Ignore unavailable to you. Want to Upgrade?

To: Sherm who wrote (67)	4/13/1998 12:36:00 PM
From: David Pawlak	Respond to of 100

Jeff- I was a little disappointed that they missed the $3 million rev target they projected for the 4th qtr. That said, it looks pretty cheap down here and looks like it has found a floor down here IMO and should be heading up shortly. I have been following this company for about 5 years now. When talking with the PR person last month, I tried to get a handle on where they are heading. He said they are shooting for $20 million in revenues this year with the addition of Paragon. He also said they will be releasing some interesting developments at the shareholders meeting in early May. I asked if they were planning on getting into DWDM components and he was quiet silent for a few seconds and then said he couldn't answer that. If they are branching out into DWDM, then this stock will likely trade higher very quickly. They've got the ability to do that so I think it is possible. Regardless, I think it is a pretty good deal down at these levels, particularly on any pullback.