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Technology Stocks : Lexmark Intl. (LXK)
LXK 40.490.0%Nov 29 4:00 PM EST
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To: Fred Fahmy who wrote (22)1/21/1997 7:50:00 PM
From: Chad E. McQuillen   of 160
 
Fred, I thought earnings looked pretty good today. I think it will be interesting to see where we go from here. If the 10M share secondary offering provides enough downward pressure I will consider re-entering. Anything under $25 looks extremely attractive. I will say, however, that I don't think we'll see higher PE's (20) until it is reflected in our revenue growth. This year's YTY comparisons will become easier without the previous revenue contributions from the keyboard business.
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