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Technology Stocks : ORFR-ORBIT/FR

ORFR 3.500

0.0%

Apr 10 5:00 PM EST

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To: majaman1978 who wrote (17)	8/6/1997 9:54:00 PM
From: Andrew Furst	of 475

Unterberg Harris' short-term target of $26-$28 would be great, and not unreasonable considering the $1.00/share projected earnings for 1998: quote.yahoo.com One thing I noticed regarding the quarterly EPS - that $.20/share figure was derived using 4.3 million shares (the weighted average for that quarter), but I believe there are now 6 million shares outstanding. Those reported earnings are entirely proper, and given the very strong sales/earnings growth the stock is still probably a bargain. However the past quarter's earnings would have been lower than the reported 20 cents, if the current # of shares had been used. Off topic: Unterberg Harris underwrote and recommended another strong stock of mine, Viasat (VSAT). I wonder what else they have underwritten/recommended - probably worth a look.

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