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Technology Stocks : PROGRAMMER'S PARADISE (PROG)
PROG 0.146+6.5%Jun 13 5:00 PM EST
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To: Larry Brubaker who wrote (396)1/28/1999 9:05:00 AM
From: Zeev Hed   of 2383
 
Larry, I am now raising my 1999 to about $1.46 ($.35, $.37 $.31 $.42) with sales roughly at $333 MM ($80 MM, $84 MM, $75 MM, and $94 MM), thus I am showing a top line growing at 42% over this year. This should justify sometime during this year (without internut mania) a PE of 30 on $1.46 or some $44/share some time in 1999 and a target of $60 or better in the next two years (barring a bear market where the PE could easily go to 10 to 15).

Zeev
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