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Technology Stocks : ESST-the new beginning.

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To: Synapsid who wrote (2402)	2/19/1999 1:06:00 PM
From: Steve Reinhardt	Read Replies (1) of 3493

Do you or anyone care to comment on the earning forecast for 1999? Some say it will be 25 cents, then it justifies current price move to $5.00 based on a 20 to 22 PE. With 11 cents for 4Q,98, the 25 cents for FY99 (or roughly $10 million) seems not too off. Now for ESS to break over $9 or $10, it ought to have an earning momentum to the 45 to 50 cents for the FY1999. This translates to about $18 to $20 million of earning. Heard a rumor that some company tried to acquire ESS last year when the stock was in the below $5 range and was brushed off by ESS. Wonder at what price will ESS agree to be acquired. Steve

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