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Technology Stocks : LARSCOM......A Less Risky IPO (LARS)

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To: Nils Mork-Ulnes who wrote (790)4/7/1998 2:26:00 PM
From: Steve Robinett  Read Replies (1) of 990
 
Nils,
<<So, in short, NetEdge is complementary to LARS, and not
outside the core business, the question is execution.>>
Exactly right, NetEdge's ATM business complements LARS core business and vice-versa. As for execution, one of the reasons I own this company is my impression of management. I believe it to be first-rate. As I've mentioned before, I currently peg discounted cashflow valuation at about $9/shr. Going forward, I anticipated a higher growth rate--I certainly hope so, anyway--and with that higher growth rate a mid-to-high teens share price.
Best,
-Steve
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