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Technology Stocks : Verifone (VFI)
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To: Stiff who wrote (192)1/29/1997 9:54:00 AM
From: Xerxes Wania   of 369
 
The drop last year was due to the fact that the Q4 earnings were 2 cents below street estimates. It went as low as $28 from approx. $45 in one week.
If it's going to be a bear market, you can see most stocks trading around 10-15 p/e, this will bring most of the stocks down.
There is compitition but I don't think the stock has got much to do with it.
They have the *largest* install base of credit and debit payment machines in N. America.
Xerxes
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