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Technology Stocks : Inforte Corp. (INFT)
INFT 14.00-3.4%Nov 5 2:45 PM EST
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To: neverenough who wrote (16)2/20/2000 9:11:00 AM
From: Glenn Petersen  Read Replies (1) of 65
 
INFT actually looks like a bargain relative to LNTE. LNTE is selling at 68 times sales. When you include the over-allotment option, LNTE has 39.2 MM shares outstanding, giving it a market cap of over $2.2 billion. Sales for the year ending December 31, 1999 were $32.964 MM, not much more than INFT's $30.1 MM. INFT's market cap is less than $900 million.

I had been hoping that INFT would open at $60. It would have been a steal. The low float could easily propel it over $100.
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