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Non-Tech : Amati investors

AMTX 1.510

-7.4%

Dec 5 9:30 AM EST

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To: SteveG who wrote (17031)	5/8/1997 1:02:00 PM
From: j rector	of 31386

[ $50/share] My problem w/AMTX has always been: when is the market going to value the company based on future earnings when it has incredible potential, but none today. The market values MSFT's '99 earnings. If they did the same w/AMTX, it would be a $50 stock today. My guess is: first orders=market values stock's next years earnings w/a 30% risk discount. First earnings, discount drops to 20%. I want to know when these points are, and buy more just before.

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