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To: John F. Dowd who wrote (529)7/20/1998 6:12:00 PM
From: P.Hronis  Respond to of 994
 
Dear Subscriber,

Objective Communications Shows Strong Gains

OBJECTIVE COMMUNICATIONS, INC. (OCOM) issued the following press
release on Dow Jones News Services earlier today. The text of the
release follows:

NEW YORK (Dow Jones) --After languishing for several weeks in the
mid-single-digit range, Objective Communications, Inc. (OCOM) shares
staged a move higher Monday.

Since July 2, when the company said that delays in some features of
its VidPhone video-conferencing system made it unlikely it would
recognize any revenue in the second quarter, the stock has hovered
around 5 ot 6. the shares recently were trading at 8 3/ 32, up 1
29/32, or 30.8%, on volume of 334,400 shares.

The bump is modest when one looks back to September 1997, when
Objective hit a high of 38 1/4 , but nonetheless marks an improvement
from the stock's recent doldrums.

While neither analysts nor a company spokeswoman could point to a
specific impetus for the movement, they did suggest the stock could be
staging a recovery.

For one thing, the VidPhone issues could soon be resloved. James
Bunker, Objective Communications' new acting president and chief
executive, said he is expecting the VidPhone to have all its features
integrated shortly and expects the product to be ready for shipment
during the third quarter.

"My personal direction for the next month is to get the products to
where they ought to be and some happy customers and the rest will
follow," Bunker said.

-Nancy Beilles; 201-938-5393
(END) DOW JONES NEWS 07-20-98
12:34 pm

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