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Technology Stocks : Genesys Telecommunications (GCTI)
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To: davesd who wrote (29)10/17/1997 11:09:00 AM
From: Harry Simpson   of 220
 
Dave,

I see what you mean. Without a doubt this is a richly priced stock, and they certainly won't be earning $1 a share in 1998. I have seen a estimate of 53 cents a share in 1998. But if in 1999 or 2000, they are earning $1 a share and continue to grow at a reasonable rate, say 30%, then the 32 P/E wouldn't look so bad.

Would I buy the stock at $32? Only as an excellent, but risky, position in CTI. I have it at well below $20, so presently I am not all that concerned about it.

Thanks for your clarification. Have you been just following the stock or do you have a position in it?

Harry
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