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Technology Stocks : STARTEK, INC. (SRT) -- Ignore unavailable to you. Want to Upgrade?

To: Kat who wrote (6)	4/17/1999 5:17:00 PM
From: jr	Read Replies (2) \| Respond to of 16

Thursday April 15, 10:09 pm Eastern Time StarTek seen as cheap Internet play-Business Week NEW YORK, April 15 (Reuters) - StarTek Inc. (NYSE:SRT - news) is a rarity -- an undervalued Internet play, according to the April 26 edition of Business Week. StarTek's earnings grew 45 percent in 1998, while its revenues grew 58 percent, Business Week said. The company provides clients, including some major technology firms, with support for e-commerce and Internet ventures, as well as inventory management, order processing, and distribution. The shares, which closed at 11- Thursday on the New York Stock Exchange, trade at about 14.9 times analysts' 1999 earnings estimates of 75 cents a share, the magazine said. The company also has $2.60 a share in cash, net of debt. ''StarTek is definitely an undiscovered and undervalued Internet play,'' Business Week quoted James Awad, chairman of Awad Asset Management, as saying. His firm has accumulated a four percent stake in StarTek.