Boca research - Reawakening? Message Board

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Technology Stocks : Boca research - Reawakening?

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To: Sparky65 who wrote (288)	3/13/1997 5:19:00 PM
From: Frank Badini	of 640

BOCI looks good both fundamentally, and technically. Book value is $6.26, P/E is 13.8X '97, 7.6X '98 earnings, and Price to Sales is 0.48. This makes BOCI a bona fide value stock. Technically, the stock has formed a base around the $7 1/2 level, and should have little downside at this point. The latest sell-off in January from the $10-12 level, to the $8 level was due to poor earnings. These sales were slow in the last quarter because of anticipation of the 56K technology which should begin selling well very soon. I know that I personally waited for the new modems to come out before upgrading. The bottom line is that at current levels, there is more up side than downside because the stock is trading at emotionally depressed levels. I bought the stock at 7 3/4, and expect it to be at 10-11 in the next month or two.

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