SPYG in the mid-teens Message Board

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Technology Stocks : SPYG in the mid-teens

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To: David Freibrun who wrote (16)	9/14/1996 12:11:00 AM
From: Khris Vogel	of 219

David, I'm quite happy with what the stock has done over the last week and a half. I'm thinking (hoping?) that investors and MM's are starting to realize that the stock has been beaten down past the point of reasonable valuation (15 - 17, per my calculations), and is now starting to right itself. Based on its consistent sales and EPS growth rates, I believe a solid rise back into the 20's to stay is in the near future. Another source of optimism on my part is that I believe that the investment community is starting to realize that the co. is not a one trick pony, nor is its fortunes linked exclusively to Microsoft's whims and wishes. I was critical of the co.'s lack of investor and public relations as recently as 3 - 4 months ago, but its seems to have come around. Khris

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