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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: KellyW who wrote (383)1/25/1999 9:50:00 PM
From: Zeev Hed  Read Replies (2) of 2383
 
Kelly, I calculated conservatively earnings of $1.20 for 1999, based on this the PE should be about 12. That however, would be pretty close to a 100% gain in earnings relative to 1998 (which I have at $.64-.$65 or so), such a PE should justify sometime this year a PE of at least 30, particularly if PROG continues and show progress. I have a target of $60 share sometime this year based on a PE of 30 or so of about $2.00/share in 2000.

Zeev
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