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Technology Stocks : Emulex, What Prospects?

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To: iceburg who wrote (101)2/1/1998 11:58:00 PM
From: George Dawson  Read Replies (1) of 788
 
Steve,

You are right. At $12, my latest stats would give a trailing PE of about 25. For me it's a toss up at this point between buying EMLX or buying more MRVC or TLAB. Both of those companies have a more well defined income stream, but considerably higher PEs. The same thing is true for the other FC adapter companies.

The other great thing about Emulex is that there has been minimal dilution over the past 8 years - from 5.49M in 1989 to 6.1M in 1997.

George D.
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