Shiva Message Board - Msg: 192508

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Technology Stocks : Shiva

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To: emichael who wrote (65)	7/26/1996 6:20:00 AM
From: Roland Fehrenbacher	of 5036

Re: P/E 4200 This number is absolutely meaningless! Taking the last 2 Q (Q1, Q2) numbers of $0.30 per share (even more realistically on should use $0.36 because of merger charge) we are at a P/E of 83 given a price of $50. This is assuming no growth, actually even a shrinking of earnings compared to Q2, even though the Q2 to Q1 growth in earnings was 57% (0.22 versus 0.14). Given the internet explosion, an unlikely scenario. I agree P/E of 80 is still large especially in a market like this, but one should get the numbers straight. I believe when the dust settles, this will be an excellent long term buy!

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