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Technology Stocks : Artisoft (ASFT) Sleeper about to wake? -- Ignore unavailable to you. Want to Upgrade?

To: techstocker who wrote (783)	5/19/1999 10:21:00 PM
From: techstocker	Read Replies (1) \| Respond to of 810

ARTISOFT UPDATE: Shares of telephone software developer Artisoft (ASFT: news, msgs) rose 13.8 percent Wednesday and 20 percent Tuesday with scarcely a word from the company. Or maybe not. We've learned the company's CEO, T. Paul Thomas, has been making the rounds in California, talking up prospects for telephony products for small and mid-sized businesses. "We saw the products, and some of them allow companies unbelievable flexibility when it comes to identifying callers, or sending greetings to specific users," said Gary Shemano of investment firm The Shemano Group in San Francisco. Shemano said Thomas sees Artisoft, a Massachusetts company, turning a profit later this year. Artisoft, whose products include one called Visual Voice, lost $580,000 in its most recent quarter on sales of $5.8 million. The stock closed at 4 5/8 Wednesday, up 9/16. AOL Live Market: Thom Calandra talks markets, stocks and the economy on America Online's Live Market Chat, each Friday at 2:30 p.m. Eastern time. Sage Online runs the discussion.