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Technology Stocks : Emulex, What Prospects?

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To: mwj6 who wrote (195)11/8/1999 4:05:00 PM
From: The Ox   of 788
 
Thanks Matt. I was able to scalp 4 pts on my short today.

I find these valuations too lofty to be a buyer. Using your numbers, EMLX is trading at 38.5 times sales. Even if they grow revenues at 100% per year, it will take them over 4 years to reach $1 billion in sales (using last qtr's rounded sales of 30MM, annualized to $150MM this year (300, 600, 1,200).

I couldn't agree more that the FC stocks are super hot and that one should be very careful going against the Mo-Mo within this group.

best regards,
Michael
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