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Technology Stocks : Data Dimensions

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To: sheldon spivak who wrote (4449)11/12/1998 4:26:00 PM
From: Jim Mac  Read Replies (1) of 4571
 
Maybe some institutional trader misinterpreted the retraction of that HP alliance article, which was released prematurely. Or maybe some turkey decided his/her "technical analysis" showed time to sell, which is BS, of course.

This baby's trading for less than 10 times next year's earnings, which should grow 50-100%, and non-Y2K work is rapidly growing as a % of total revenues. Selling now for 13-15 times 1998 EPS, depending on whether Q4 will be $0.19 or $0.30. I'll take the latter, since Q3 conference call indicated normal seasonal weakness is likely to be overtaken by very strong business growth going into Q4.

These analysts have been too low this year, after being way too high last year.

This baby's worth $20 right now.
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