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Non-Tech : Ashton Technology (ASTN)
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To: mst2000 who wrote (727)5/5/1999 1:14:00 PM
From: Zeev Hed   of 4443
 
MST, I realize that from a cash flow point of view your model may work, but the street will evaluate these at post taxation, not pretax, even if they can earn some $30 MM before they start paying taxes. You should thus take just 55% to 60% of you figures.

Zeev
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