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Technology Stocks : ANTEC Corp. (ANTC)

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To: Arthur Tang who wrote (618)9/9/2000 8:23:30 AM
From: Arthur Tang  Read Replies (1) of 847
 
Projection for ANTC revenue and earnings for year 2000. It is relatively easy becuase Cable industry spending is based on budget for the year. Quarter to quarter deviation is small in percentages.

Revenue = $1.106 billion.

earnings after taxes = $70.0 million

diluted earnings per share =70/43.7= $1.60

Next year P/E ratio = 46.4 (derived from share price of $61.75 with diluted earnings of $1.33)

Next year's price projection =46.4x1.60= $74.24

However, due to double digit growth again the year after 2001, the forward anticipation will put ANTC in the $180/share range in the spring of 2001.

A foot note on the total number of shares:
Based on previous three years of decreasing interest, the exercise of stock options will be an additional 750,000 shares issued this year. All this may come on the market, when insiders exercise their stock option costing them in the teens.
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