Phone.com [PHCM] Message Board

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Technology Stocks : Phone.com [PHCM]

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To: Ron McKinnon who wrote (660)	10/23/1999 3:15:00 PM
From: Ashley800	of 1080

Anyone please correct me if I'm wrong. If 1st quarter revs grew 27% to 8.5 mil and if we assume the rev's grow at the same rate for the next 3 quarters, total rev's for the year are about 76 million. 76 mil / 31 million shares = $2.45 per share of GROSS revenues. And the cost to own a single share is $230.00. How is it possible that the rev's (forget earnings) will ever catch up with the price per share. Is it possible the longs believe the 27% quarter to quarter growth rate will increase to 50% or 100%? Because at 27% per quarter, it would take something like 5 years to grow into the price of $230. Either price goes down, or rev's DRAMITCALLY increase. Which will it be?

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