PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Mark Ivan who wrote (2253)	10/16/2000 7:42:04 PM
From: William T. Katz	Read Replies (1) of 2383

What a mistake this stock has been :( So much for the value internet play. I agree this stock is trading below cash value, but it seems that investors are pricing in anticipated losses for the upcoming quarter(s) into that cash, as well as a discount due to possible deal problems. I'd be interested in what you all think PROG will have in terms of loss for the upcoming two quarters. When is the earnings report date? By the way Zeev, if you are looking for strong upside with near-cash level stock price, I suggest you look at Audible.com (ADBL). They are the leading (only) digital spoken audio play. They had $25 million in cash last quarter and at $1 are trading close to that level. Their cash burn rate I figure is around $5-6 million per quarter. Lots of carnage in NASDAQ. -Bill

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