The Roaring Twenty 1998 Message Board

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Technology Stocks : The Roaring Twenty 1998

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To: White Shoes who wrote (224)	1/1/1999 6:23:00 AM
From: Dale Baker	Read Replies (1) of 338

PLCM - I had the same reaction when I first heard about it - not another videoconferencing stock, please! Then I saw this: Polycom, Inc. develops, manufactures and markets teleconferencing products that facilitate meetings at a distance. The SoundStation products are designed to operate with local telephone systems, and are approved for use in 27 countries. For the 39 weeks ended 9/30/98, revenues totalled $75.7 million, up from $34.5 million. Net income totalled $8.2 million vs. loss of $6.6 million. Results benefited from sales of the ViewStation products and lower Soundstation product costs. So I looked at the EPS estimates. Beat last quarter's estimates by 67% (.15 vs. 09), slated to make .37 this year and .70 next year. PEG math: 90 times .37 is about 33 and the same times .70 is 63. Not that PLCM will get a multiple that high for that long. But a PE of 50 is not unreasonable if their growth continues. Read through the Yahoo thread and you will see that they are one of the top companies in the industry. That's why I think they are worth one of our 20 slots. PLCM's chart has broken out to new highs here. I am long in my portfolio from 22 1/2.

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