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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: tech who wrote (2324)	9/12/1997 6:07:00 AM
From: David C Mapes	of 10786

tech, You got a short position now? That's pretty fantastic growth. But where are the earnings? At $10 million revenue with 250 employees, the revenue/employee is only $40,000, certainly not enough for profits this year, and only one-tenth of Computer Associates revenue/employee figure. If projections are accurate and next year brings in $50 million for 500 employees, Alydaar might see a revenue/employee figure of $100,000, certainly possible for earnings, but still substantially below the standard for technology companies. . Think we need clarification of projected revenue. Earlier posts on this thread suggest that Gruder is being very conservative to avoid criticism. Regards, dave

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