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Technology Stocks : INTERPHASE(INPH): Good future for this stock -- Ignore unavailable to you. Want to Upgrade?

To: Starowl who wrote (269)	10/26/1999 9:14:00 PM
From: Ben Wa	Read Replies (1) \| Respond to of 825

If you assume that INPH deserves a 35-40% haircut to JNI, at $20 and with 28 million shares out, JNI will have a mcap of $560 million. I am using $70 million next in revenue for JNI, giving it mcap/rev of 8x. If JNI earns $.30 next year, at $20, the P/E would be 67x. If INPH does $100 mil in revs next year and earns $1.25, a 40% discount to JNI gives.. .6x8 = 4.8x Revs = $480 million mcap and .6x the 67 PE or 40x $1.25 = $50. Using the Mcap/Rev method, with 6.3million shares out, to get a 480 million market cap, you get a $76 stock price. Would anyone care to compare & contrast the two firms? thank you in advance.