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Technology Stocks : ACTM $100 Million Cable Modem Contract with MOT -- Ignore unavailable to you. Want to Upgrade?

To: joemjo who wrote (1137)	12/29/1999 10:17:00 AM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

Found on yahoo: (Price target Raised from $40 to $56.) NEWS ACTM: Adjusting Estimates For Offering Dilution; Raising Target(First Call 12/29 08:27:45) CIBC World Markets Corp. - reiterating our Strong Buy while raising our target price from $40 to $56 - Should see some nice movement on ACTM this morning...Follow along with fellow Level 2 traders at Xcaliburtrading.com with Live realtime Professional stock and market analysis, daily Level 2 training and education, Excellent support and services, information on Level 2 brokers and so much More!!! This is the most unique Level 2 trading center! I haven't (yet) confirmed this. Cowen has had a price target of $59 since 18 Nov (see post 1125) while CSFB has had a price target of $40 since 17 Nov (see post 1122). Basically, all analysts are looking at an estimated EPS of $1.70 for 2000... but some analysts see a low PE of 25 for the company while other analysts see a high PE of 35 for the company. Now it seems more analysts are moving into the high PE camp... hence the higher targets.

To: joemjo who wrote (1137)	12/30/1999 12:04:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 1250

Joemjo, On Yahoo you posted that there is an article on ACTM in today's Investor's Business Daily. Could you locate the article and post it here? If not, could you please summarize the article? If you believe that ACTM deserves a forward PE of 25, then the stock is close to fully valued (since CY00 EPS is estimated to be about $1.70 and CY01 EPS is estimated to be about $2.25). But some analysts are saying that ACTM deserves a higher PE multiple (as much as 35) which would be more in line with the rest of the EMS industry; with this higher multiple, ACTM is undervalued and should be trading more like $59/share. Does the IBD article shed any more light on ACTM and its prospects? Rob