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Technology Stocks : Melita International (MELI) -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (148)	10/25/1998 9:19:00 AM
From: M. Carver	Read Replies (1) \| Respond to of 203

Pezz, Let me share with you some good news: I heard back from the company late on Friday. The analyst who moved MELI from buy to market perform also raised his earnings estimates (which is a contradiction in terms!). 2 of the other 3 analysts have reiterated their BUY recommendations and RAISED their EPS forecast. I also heard that these analysts were very pleased with MELI and we can expect their research updates on Monday. The company spent much of Friday apparently speaking with analysts and setting the record straight (as is evidenced by the stock closing back at 11 1/8 by the end of the day). I think we can expect Monday (and the near term) to be supportive of the stock at these price levels. Personally, I am very comfortable with MELI doing away with the position of President. It obviously hasn't been a requirement in the great job they have been doing so far and will remove issue as a future distraction. Mark