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July 20, 2004

SpeculatingStocks.com Stock Pick: 8x8, Inc. (EGHT)

Stock Price: $1.72


We first released EGHT as a stock pick on May 25th, 2004 when it was at $2.62, sadly it has dropped close to $1.00. We are still confident that it will run up again during the next VoIP bubble that should occur by the end of the year.

8x8, Inc. designs and sells hardware such as video and VoIP phones. Within the 8x8 corporate structure is Packet 8, their pure play VoIP service.

Most recently, the company has signed major marketing relationships with TigerDirect.com and Buy.com to sell their Packet 8 VoIP service. 8x8 has also released its consumer videophone to the market.

This may be the low point for EGHT and a good time to buy though there is some risk at this level. Strong upside surprises have taken place in EGHT and could possibly happen again.

 
     
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