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Technology Stocks : Fonix:Voice Recognition Product (FONX)

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To: Dr. Bob who wrote (1358)11/19/1997 3:23:00 AM
From: franco nuvoloni  Read Replies (1) of 3347
 
Hi Bob,

My calculation was an attempt to show you how much potential there is in just one product. Of course, I'm not assuming that fonix will get 100 % of any market. It was a very simplistic calculation, and I think that I've pointed that out. There are myriads of possible products eligible to a fonix chip (let's just call it that way), so if you start adding the remaining 10 % out of your calculation your numbers will be beaten easily. And since the stock market is a discounting mechanism it will imply the potential much before your 2-3 year time horizon will be over. Am I saying that this stock is worth 15 bucks today? Heck, no. Maybe, you're right and the fair price today is 6 to 7 bucks, but with the potential this company has I prefer to buy it at today's fair price and not at tomorrows' ( meaning in 2-3 years).

Bob, even if I just take your 1$/share number in 2-3 years implying a P/E of 25 that would give you a 25 $ stock. A fourfold from now in just a couple of years. There aren't many stocks out there with such a potential, don't you agree?

Regards,

Frank
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