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Technology Stocks : Peritus Software Services (PTUS)
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To: Big Dog who wrote (1519)7/22/1998 5:47:00 PM
From: Jim Brown  Read Replies (1) of 1960
 
The pattern on the pull back and strength of buyers maintaining the gains of last week seem encouraging. The tone from Pertius also seems encouraging. Friday may be our first big step back to respectability price wise. I think people forget the valuations done 1 yr. ago for the IPO, Initial valuations were 10-12 for IPO, that night there were 50+ times as many buyers as expected and that drove IPO price to 16 and street to 25 shortly after open! Since that time Peritus has grown + aquired MDI and written off $70M in development and aquisition costs. My guess is this quarter we are back on track. I'm looking forward to Friday. The missing link here is the visibility that that IPO had or this could be a wild ride.
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