Brightpoint - CELL Message Board

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Technology Stocks : Brightpoint - CELL

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To: Ron who wrote (1261)	1/6/1999 1:35:00 PM
From: Grabs	of 1999

I think there have been many forces affecting the stock over the last few days: 1. end of tax loss selling 2. strong overall market with new money from mutual funds 3. emphasis on strong top line growth companies which CELL is 4. a lot of activity in wireless companies (Air Touch takeover, etc) 5. Many reports of strong cellular subscriber growth in the UK and elsewhere 6. confirmation of the company's quarter expectations by anaylsts with the company trending towards more value added (i.e. higher margin) revenues Glad to hear the TA meets up with the QA (qualitative analysis). Hopefully, this strong movement will continue. I believe that 99 earnings are expected to be around $1.00, so we're still at a multiple well below expected growth. I have read analyst reports projecting $20-30 share prices based on 20-30x PE multiples. If there is some indication from Q498 results that there will be upside from the $1.00 in 1999, then we should be well into the $20's soon. Just my opinions. Glad to hear others. Grabs

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