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Technology Stocks : Computer Network Technology (CMNT)

CMNT 0.0001000

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Feb 6 4:00 PM EST

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To: Craig Stevenson who wrote (366)	5/20/1998 8:54:00 AM
From: Craig Stevenson	Read Replies (1) of 750

Neil, Brad, and ALL: Am I reading the Reuters press release correctly? The way I figure it, CMNT did $100 million in 1997, and they want to grow that by 25%. That puts them at $125 million for 1998. If they want to return 15% to operating earnings, that would be $18.75 million. Figuring 22 million shares outstanding, that translates to .85 per share. (Granted, Mr. Barnum's response indicated that this would take 18 months to achieve.) What is a fair multiple to use for a company like CMNT? More than 6? <g> Craig

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