Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill McCullen who wrote (585)	12/1/1998 6:12:00 PM
From: Kevin M. Reilly	Read Replies (1) \| Respond to of 1331

Bill - Why would 178M be considered light? From Q1 to Q2 revenue increased by ~4% now from Q2 to Q3 revenue increased >6%. Hopefully it is a trend in the making. Kevin M. Reilly

To: Bill McCullen who wrote (585)	12/2/1998 9:36:00 AM
From: Beltropolis Boy	Respond to of 1331

>Can you say BLOWOUT! outstanding! can you say gap (up)? i'd expect a big one today. ----- BancBoston Robertson Stephens Raises Estimates on Comverse Technology December 2, 1998 09:23 AM SAN FRANCISCO, Dec. 2 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens senior computer telephony analyst Victor Halpert today raised his estimates on Comverse Technology, Inc (CMVT). Comverse Technology, based in Woodbury, NY, designs, develops, manufactures and markets computer and telecommunications systems and software for communications and information processing applications. The company is divided into three product divisions: Comverse Network Systems, Comverse Information Systems and the Dale, Gesek, McWilliams & Sheridan Inc. "Comverse reported strong 3Q-98 results, beating both our revenue and EPS expectations," said Halpert. "Revenue amounted to $178.1 million, up 27% from 3Q-97, exceeding our expectations. EPS amounted to $0.62, an increase of 58% from $0.39 in 3Q-97, beating our estimate of $0.57." Comverse continues to control more than 40% of the Enhanced Services Platform (ESP) market, with a total market estimated at $1.2 billion for 1998. Halpert believes that the growth of wireless networks and deregulation of wireline telecom service providers will continue to drive the ESP market by 20-25% annually for the next three years. "We maintain out Buy rating and have adjusted 1998 and 1999 projections going forward to reflect strong 3Q results," said Halpert. "We forecast revenue of $189.5 million for 4Q-98, up marginally from $189 million and our total 1998 revenue forecast has increased to $695 million. Our 1999 revenue projection is maintained at $834 million. We are raising EPS to $2.30, up from $2.23 and 1999 EPS has increased to $2.77, up from $2.63. Additionally, we are initiating fiscal year 2000 estimates with an EPS of $3.34 and revenues of $981.63 million. Our twelve month price target is $70.00 per share or 25 times our fiscal year 1999 EPS estimate of $2.77."