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Technology Stocks : BroadVision (BVSN) -- Ignore unavailable to you. Want to Upgrade?

To: lfman who wrote (1680)	7/9/1999 12:30:00 PM
From: Elroy	Read Replies (2) \| Respond to of 3773

Please try to get access to analysts reports. You will find out that many of them expect BV to exceed their original earnings projections due to acceleration in number and quality of deals. I hope you don't invest based on analyst's recommendations. Analysts are almost never going to tell you to sell the stock of a good company because the share price is too expensive. Something like 40% of the recommendations out there are BUY recommendations. How many times can you remember when an analyst said sell a stock a month in advance of a major decline? And BVSN, with the share price at $75, had damn well better earn a lot more than the $0.63 that analysts are forecasting for the year 2000. Even if they were to make $1.00 in 2000 (which would be > 50% above "expectations"), then the PE would still be over 70x. If BVSN only "meets" the expectations this quarter (a dime, for some reason down from last quarter??), I'd expect the stock to lose half its value in the next few months. Elroy