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


To: Czechsinthemail who wrote (322)7/23/1998 10:00:00 PM
From: Patrick Sharkey  Read Replies (1) | Respond to of 439
 
Who downgraded today to drive down the price?

My broker told me today that he was in on the conference call following the earnings release and that the Company reported that several contracts which could have been pushed into the most recent quarter didn't make it, that those contracts involved several million dollars. If true, then the revenue would have been near or beyond $27 million, which would have put Davox at a 35% revenue increase, year over year. If so, in my opinion that perceptive analyst from First Albany would have reiterated a Strong Buy rather than downgrading. If all of the foregoing is true, it is a tremendous example of the fickle finger of the Street.