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Technology Stocks : Excel Switching Corporation (XLSW)
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To: Ram Seetharaman who wrote (108)4/28/1999 3:55:00 PM
From: tejek  Read Replies (1) of 222
 
Some weird news this morning, s&p rated xlsw a hold because it has reached their price target of $24. The way they determined that price was by multiplying 27 x $.89 (the 1999 projected eps). Since xlsw's growth rate is a little faster than 27%, i truly can not figure out what they are doing. I arrived at my price of $36 by multiplying 40 (%) x $.89 which is the way i learned to estimate prices. In addition if you look at xlsw's trading range for the past year, $24 is in the lower half of that range. Your comments are greatly appreciated.

Thanks for your stock tips, i will check them out. I do know pmtc; i have tracked it for nearly a year and it seems to have a strong downward bias. About a month ago it was trading at $17 and got upgraded and gapped up to $19, only to fall back down to $12. Nonetheless i agree with your approach: buy low, sell high.
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