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Technology Stocks : TLAB info?
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To: Tom Klempay who wrote (1121)9/10/1997 1:11:00 PM
From: jhild   of 7342
 
Well the company has enjoyed great success to date. But I guess with a p/e of 50, or I guess 40 to 45 now, a company needs to not just meet estimates. It is kind of strange that the analysts can't even move the stock back up. Kind of impugns their virility.

With 75% institutional ownership, maybe the big guys are just taking an opportunity for a breather and lock in some of their profits. But whatever the case it looks like about 2B in market cap has just vanished. I guess as my grandaddy used to say, a stock is only worth what you sell it for.
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