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Technology Stocks : PWAV- the hot new IPO
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To: Mike Winn who wrote (546)1/12/1998 8:24:00 AM
From: Tuan Phan  Read Replies (2) of 1491
 
Hi Mike,

I believe you have misinterpreted the analysis. I stated that the Korean economy will grow by 2.3% in 1998 (Still looking for confirmation). The EPS growth for PWAV is estimated at 12.5% for 1998 and 8.3% for 1999. I adjusted this estimate from the original 1998 forecast low EPS growth estimate of 25%. My reasons for the adjustment were currency devaluation of 50% against the dollar and the business in Korea is coming to a completion in 1998.

Tuan
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