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Technology Stocks : New Dimension Software (DDDDF)

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To: Michael J. Dando who wrote (87)10/29/1997 2:00:00 AM
From: Elliot Lepler  Read Replies (1) of 209
 
Michael,

I heard most of the conference call and could not agree with you more. The quarter was excellent and management clearly believes that much more growth is to come. I would point out that we are looking at 55% year to year and 15% quarter to quarter growth.

Such growth rates justify a much higher multiple than the current 20 times earnings.

I would also add that management strongly suggested that brokerage coverage is very close. The CEO said that he has seen drafts of analyst reports.

Which leads me to our one point of disagreement. I think that money managers will pay attention to New Dimension in the coming weeks. I predict that we will see $25 very soon, perhaps this week.

Elliot
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