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Technology Stocks : LCCI went public today and is going up!!
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To: John T Thomas who wrote (27)3/27/1997 1:27:00 PM
From: james hayden   of 143
 
lcc has their fingers in telecom jobs all over, KMT has little to do with the overall numbers. just a refection of the industry...supply vs. demand, etc. engineers are scarce, but lcc has the largest single collection of them. most of all, their software is used around the world by mobile telecom operators. that is where the profits lie. margins on consulting are small in comparison. there will be a bounce, but no lower than 6 or 7 a share. p/e multiples are now in line with the market as a whole now rather than their IPO valuations of 35+
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