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Technology Stocks : Avant (AVNT)

AVNT 30.18

-1.7%

11:52 AM EST

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To: Paul M. who wrote (306)	8/23/1997 7:07:00 PM
From: Brad Davies	of 3441

Paul, I am not sure on what basis the the Yahoo quote server determines it's P/E calculation. I think they are basing the P/E on the last completed fiscal year, rather than the last four quarters (or whatever else you want to use to calcualate the ratio). In the world of high tech that is probably not the best method. They reported 28c last quarter, and I think it was 25c the previous one. If you extrapolate that then you have a p/e of around 30.

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