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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Snake who wrote (322)12/19/1997 12:34:00 PM
From: Larry L  Read Replies (2) of 2693
 
Bill H.: Here are the share price projections from Merrill Lynch
1997 -3.42
1998 -6.75
1999 -4.62
2000 1.50
2001 4.40
2002 8.87
2003 12.65
2004 15.85
2005 18.15
2006 20.01

Unfortunately I don't think that Merrill Lynch has done I* any favors.
These are the same numbers they came out with before I* announced their 2nd generation system. However, it still is'nt too bad if you consider a P/E ratio of at least 30 for a high flier like this should be.
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