PROGRAMMER'S PARADISE (PROG) Message Board

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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Chris O'Keefe who wrote (246)	1/14/1999 2:33:00 PM
From: Zeev Hed	Read Replies (1) of 2383

Chris, their sales are not same quarter after quarter. Third quarter sales where $54 MM and fourth quarter where $72 MM. Since their breakeven is around $48 MM (assuming increased SG&A to $6 MM/quarter), once they go above this more money goes to the bottom line. in techstocks.com I suggest a "possible" scenario of next year sales, talking into account that the third quarter is usually weak and the fourth quarter is strong. Yet, I do think that over the whole of next year they should earn $1.20 and yes, the current price is quite rational. Zeev Zeev

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