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Technology Stocks : Simulation Sciences (SMCI)
SMCI 51.96+3.2%Oct 31 9:30 AM EST

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To: Papril who wrote (105)2/16/1998 8:36:00 AM
From: Linch  Read Replies (2) of 183
 
Some conflicting numbers:

Papril, you stated that the CFO you recently spoke with stated that book value was $6.00/share and that institutional ownership was 75%. I just pulled up an S&P report, dated 02/01/98, and it states that book value is $2.87/share and that institutions own 52%. My best guess is that the absolute truth is probably somewhere in between. My guess is that the company measures book more generously whereas S&P will assume fire sale prices, and thus be very conservative. I still plan on buying this stock today. We'll see what happens.
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