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Technology Stocks : VTEL: Anyone else follow this? -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (1068)	11/19/1998 8:51:00 AM
From: Yeadon	Read Replies (1) \| Respond to of 1214

Well, the fruits of the merger with CLIX are finally here. They claimed they were buying CLIX for their revolutionary technology in progress, but no products came from that. The only possible benefit longterm is contacts in China as that market grows, but certainly not worth the cost. That SG&A expenses rose so high in relation to declining sales is an example of mismanagement at its worst. How market could have changed so fast in relation to their expected 20%/year growth is beyond me. I think they must have stuffed the channel last Q to make their numbers. Only positive comment in release is organizational progress. Jerry, in your organizational charts, do like to use blue or green? Yeadon