ESST-the new beginning. Message Board

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Technology Stocks : ESST-the new beginning.

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To: WTSherman who wrote (3378)	6/26/2002 11:21:12 AM
From: WTSherman	of 3493

I was wondering today if there was any chance the Chan's would let ESST be bought out. The numbers are pretty compelling: stock is selling for $16-17/share, at the end of this quarter the company will have about $5/share in cash with no debt. Earnings for this year should be about $1.70 or more, earnings for next year should be even better if their new design wins prove as valuable and successful as their current ones are. An offer @$25/share would amount to paying $20/share for the company(subtracting cash) for this a buyer would get probable future earnings of $2/share or more(for next year) which means they could buy the company for 10X earnings. For just about every semi company out there this would be a huge boost to earnings, since almost nobody is making any money. Any thoughts on this out there? Who might be a candidate, if any? Would Chan's let this happen?

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