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

To: Michael Donahue who wrote (178)	3/22/1999 10:48:00 AM
From: M. Carver	Respond to of 203

Michael, Great analysis and I agree with your comments. I have a call into Melita (before they go into their quiet period) to try to ascertain the company's viewpoint on recent events. In particular, are they still comfortable with the analysts forecast for Q1? Typically, Melita is the type of company that shuts up (doesn't say much between quarters) but puts up the numbers to support their above-industry growth, quarter after quarter. My expectations are that they have continued to demonstrate they are best-in-class and are growing sales/getting more deals than the competition such as Davox.

To: Michael Donahue who wrote (178)	3/23/1999 12:48:00 AM
From: pezz	Read Replies (1) \| Respond to of 203

<<the street's expectations may be a little aggressive, at least in the short term. In order to meet these growth expectations,it would appear MELI needs to take clients away from their competitors and / or improve margin>> Mike, it would seem that the streets expectations have been some what reduced judging by the stocks recent performance. Does anyone doubt that the stock would respond in a very positive way [ from current prices ]if earnings are as predicted? I suspect that this decline has been feeding on it self. I have a friend who owns the stock and insists that some one must know some thing about earnings for the stock to be tanking like it is. As far as taking clients away from competitors it would appear that is just what they have been doing.Witness the decline in sales of DAVX their chief competitor as meli's sales have risen................And so why the hell is it going down??? Could be my friend is right... Or could be some remember it's decline to 7 last year.I remember that decline and I remember it's subsequence rise to 25 as the earnings were above expectations. Since I have foolishly ridden it down I am reduced to hoping that this will be a replay of last year. pez