BackWeb Technologies Ltd (BWEB) Message Board

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Technology Stocks : BackWeb Technologies Ltd (BWEB)

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To: Secret_Agent_Man who wrote (268)	7/14/1999 9:04:00 AM
From: Dako	Read Replies (3) of 584

Crusader: I respect your opinions, but at these prices, I'm gone for now because of valuation, which I think is the reason the analysts weren't more aggressive on their initial opinions. The comparison to Rambus is telling. The company has been a big success and today has about $40 million in sales and a market cap of $2.1 billion. And Rambus is profitable. Backweb has a market cap of almost $1.3 billion already (the overallotment was certainly exercised). It's Q1 sales were $4.1 million, and it is going to be losing money for awhile. Although revs are obviously growing faster at BWEB, they would need to be $25 million this year just to be at "fair value" with Rambus today--which again is an extraordinarily generously priced stock, but at least profitable). Judging by the tiny average trade size, you've got a ton of CNBC-related money in this. IMO the short-term trading opportunity is on the downside after any final spasm up this a.m.

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