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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 0.449+10.4%Jan 7 3:59 PM EST
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To: Mark Jenkins who wrote (33153)4/29/1998 1:13:00 PM
From: LowtherAcademy   of 41046
 
Mark, Here's something that I hope will apply to FTEL

Posted at 7:29 p.m. PDT Tuesday, April 28, 1998

Measuring the new reality for tech stocks

April 29, 1998

BY ADAM LASHINSKY
Mercury News Staff Writer

IF THERE'S one lesson to take away from consecutive financial
presentations by ''Internet'' and other hot high-technology companies, it's this: Valuation doesn't matter. Except, of course, when it does.

Confused? So are professional investors, analysts and executives with the companies whose stocks (still) are being assigned goofy values by Wall Street. Of course, that doesn't stop them from trying to explain the valuation. In fact, stock values seem to be weighing so heavily on the minds of several top technology executives that they pepper their presentations to investors with justifications.
There's a tacit understanding that it's become passe even to consider''fundamental'' values for companies that are unprofitable yet have great potential. What investors can take away from this new reality is simply that other measures are more important now. These include revenue growth rate, ability to hit performance and financial targets and the absence of category-killer competitors on the horizon.

now I finally know what it's like to be Rodney Dangerfield!
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