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Biotech / Medical : AFFYMETRIX (AFFX)
AFFX 14.010.0%Apr 1 5:00 PM EST
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To: Bill Wexler who wrote (530)10/7/1997 7:05:00 AM
From: Bill Holtzman   of 1728
 
Bill, Ever heard of AOL?

>So anyone who bought today would be paying 1500 x estimated FY 99 earnings.<

The same thing was said about them and continues to be said. Meanwhile the stock is in orbit. I think it's more important to look at potential revenues. Can they ultimately generate a big revenue stream which can then generate big profits? EPS is overrated as a measure of value.

Bill
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