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To: Dale Baker who wrote (8413)7/5/1999 1:59:00 PM
From: American SpiritRead Replies (1) | Respond to of 118717
 
Y2K revenue has always been expected to fade out gradually starting this year. Y2K has been very good to KEA. Lots of cash. They just added 60 mill excess cash to their bank account last quarter alone. No debt. PE 14.7 Very well run company. Need to do some more PR for their post-2000 plans (which should be stellar). Undervalued now the way ORCL was a few months ago. Once these companies redefine themselves for post-2000 (which is coming up fast now) and their steady 20%+ growth and cash stockpiles are noticed they should all appreciate nicely. Might have to wait a few months for the big upward moves, but they move as a group and can put on 20-30% very quickly when undervalued, as evidenced three months ago.

To answer your question, yes, but KEA was just at 30 recently which means any bad "news" has been well factored into the stock price now.