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

To: Mark Ambrose who wrote (405)	4/8/1998 4:25:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 1331

mark. to follow-up, here's an excerpt and url to lehman bro's take on the deutsche telekom release: * While CMVT has not disclosed value of this order, we view this as major deployment equivalent to winning 2-3 US RBOCs. We estimate 1998 revenues from this multiyear contract could reach $30 million significantly increasing visibility on current estimates. * Having previously established position as Deutsche Telecom's vendor for its Wireless network, success securing order for Europe's largest Wireline network confirms CMVT's position as global enhanced services industry leader & DT's strategic partner. * Believe current 1Q98 is tracking well & expect CMVT to comfortably meet & potentially exceed our revenue and earnings estimates of $155 million & $0.43. Merger with Boston Tech progressing well with sales forces now sucessfully integrated. * Believe outlook bouyant with strength in Europe & N.America likely to offset slower sales in Asia (believe Asia currently above our 1Q98 plan). Reiterate 1-Buy rating, price target $60 or 25x our conservative 1999 est of $2.45. lehman.com