This proposed class action litigation is the weakest I have ever read. Listen to the June 20 conference call. Telecoms are delaying their expenditures. What else is new? If plaintiffs are looking for misrepresentation or fraud, you're wasting your time suing Amdocs.
Looks like DOX is forming a technical reversal. Buyers are coming back in. Quarter-end window dressing the next two sessions could boost the share price. Fundamentals are strong (positive cash flow; attractive P/E, price-to-sales and PEG ratios). A billion dollars in backlog. And no explosure to "WorldCon."
Upgrades to GPRS and strong value proposition will resume their growth. Hey, communication companies gotta collect their bills, right?