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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (13406)	8/25/1998 3:58:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 120523

ICOS is starting to look good here ... 19.5 That was a pretty close in QWST.....just goes to show what will happen when the market gets healthy again. This chart is delayed 20 mins. 207.95.154.130 QCOM looks good also. Jeff

To: Tim Luke who wrote (13406)	8/25/1998 3:59:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Lehman's report on CMVT:.. CQVII trading at 3 1/2 * 3 7/8 in at 2 3/4 Headline: Comverse Technology: Strong Outlook for 2Q98 & Balance of 98, Reit. 1-Buy Industry: TELECM Ticker : CMVT Rank(Old): 1-Buy Rank(New): 1-Buy Price : $41 1/16 52wk Range: $58-30 Price Target (Old): $75 Today's Date : 08/17/98 Price Target (New): $75 Fiscal Year : JAN 10 Uncommon Values ------------------------------------------------------------------------------------------ * We expect global enhanced services leader Comverse Technology to deliver strong 2Q98 earnings during the week of Aug. 24, 1998 and we believe the recent weakness in the shares presents a buying opportunity. * We maintain a high level of confidence in Comverse delivering an upside surprise to our revenue estimate of $167.2 million (+26%YoY) and our consensus earnings estimate of $0.52 (+40%YoY). * CMVT is also likely to report record backlog levels ($141 million in 1Q98) providing good visibility for 3Q98 and the balance of 1998. Believe the company remains extremely comfortable with our forward looking estimate of $2.18 in 1998 and $2.62 in 1999. * While we look for Asian sales to move from 18% in 1Q98 to approx. 15% for the balance of FY98, believe this transition will be offset by strength in Europe and the U.S. We look for at least 1 major new European contract win in the next several weeks. * Reiterate 1 Buy rating. Valuation compelling at 16x conservative FY99estimate of $2.62. Comverse has a solid record of consistently beating consensus expectations. Price target $75 or 28x FY99. ------------------------------------------------------------------------------ Stock Opinion/Weakness Presents Buying Opportunity We expect Comverse Technology to report strong 2Q98 earnings during the week of August 24, 1998 and we would use the recent weakness in the shares as a buying opportunity. We maintain that the company is continuing to benefit from strong order momentum in Europe and the U.S. and that sales to Asia remain stable. While we look for total Asian sales (18% in 1Q98) to trend lower to approximately 15% for the full fiscal year, we note that Japan (10%of sales) is currently seeing healthy wireless subscriber growths. For example in the month of July alone, over 840,000 new subscribers were added.