Ashton Technology (ASTN) Message Board

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Non-Tech : Ashton Technology (ASTN)

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To: GBT who wrote (132)	4/15/1999 7:55:00 PM
From: Keith A Walker	Read Replies (2) of 4443

I don't want to sound greedy, but if you look at the 100 month chart, a run to 18+ looks to be in the cards. A break through 6 5/8 might be the next challenge, but, given the statement by Fred R. that he believes the system will be in full operation by July 1, we might just make it by then. The market and Ashton have absolutely ZERO correlation. Trust me on this one, I have held the stock for well over a year and been frustrated by the lack of upward movement until now. 20 million shares a day of average volume at $0.03/share in revenue to UTTC means $600,000/day in revenues. Gross margin is probably around 50%: hence, $60 million in earnings for the year are probably a decent estimate - with 15 million shares outstanding you get roughly $4.00/share in annual earings. Anyone care to come up with some different numbers? I'm just taking a WAG.

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