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Technology Stocks : PWAV- the hot new IPO

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To: advinfo who wrote (596)1/15/1998 12:22:00 AM
From: JOHN CHEN  Read Replies (2) of 1491
 
I was right about the earning!! right on the mark! see my estimate on previous message!

I estimate sales $38 mil; PWAV came in at $37.8 mil

I estimate net income $5 mil; PWAV came in at $5.3 mil

I estimate earning per share 28 cents; PWAv came in at 29 cents

As far as the stuff about Korea, I expected PWAV to say something negative. Any company does business in Korea surelu will be impacted. The question is how severe-even PWAV does not know.

Again, what will save PWAV is a big portion of the business they get from their Korean customers are for the PCS build up in Shanghi, China- and this portion will not be affected.

If the market does not take it kindly, that's the market's problem. However you look at it, this quarter is solid as a rock and future is surely uncertain but this is how I look at it: at $14, it's a bargain.

This is a company has been proven for the past 11 years that they know how to grow their business... and I am sure they will be up to the new challenges ahead.
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