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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV
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To: Karl Drobnic who wrote (1206)1/5/1999 11:27:00 AM
From: Mel Spivak   of 1319
 
While ACRO is doing nothing, here is some food for thought:

- High-definition digital television. On the eve of the
Consumer Electronics Show in Las Vegas, we hear
a lot about how digital television could boost shares
of electronic retailers, technology companies and
even cable companies. After all, between now and
the year 2006, as many as 250 million U.S. television
sets will need to "go digital."

Money manager Kyle Krueger of $20 million Apollo
Capital in Florida tells me he has been "searching
and thinking about how to invest in HDTV for 10 years."
Krueger says the replacement cycle for new TV sets and
settop boxes could reach $1 trillion.

Krueger, who specializes in tiny companies that have market caps of $50 million or less, says he backs Florida retailer Sound Advice (SUND). The company operates 24 Sound Advice showrooms in Florida. The company, which is slightly profitable, has no long-term debt, had sales of $156 million in the '98 fiscal year yet has a stock -- at 3 or so on Nasdaq -- that sells for just 8 percent of sales.

Krueger says Sound Advice could earn as much as $2 a share by the year 2000. He compares Sound Advice to Tweeter Home Entertainment (TWTR), recently brought public by BT Alex Brown. Tweeter stock at 29 or so sells at a price-earnings multiple that should give Sound Advice a value of 25 or so a share, he says.

Tweeter, by the way, is a $180 million company. Sound Advice's stock is worth about $12 million.

This is from a column on CBS/DBCC Marketwatch by Tom Callabra.
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