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To: Ausdauer who wrote (11230)	5/19/2000 9:45:00 PM
From: orkrious	Respond to of 60323

Aus, or anyone, I am sitting here with a glass of good cabernet trying to forget about the price action of the last few weeks. Although I have a good size position at 13, I bought again on the way down, with a good slug at 81. The cabernet is slowly working its magic. <G> I am ready to buy a printer for the Epson 850 I bought two months ago. I selected an Epson 870 printer from Buy.com (finally in stock) and an extra color print cartridge along with some paper. Does anyone know which black and white cartridge the 870 uses? The color cartridge is listed as also working in the 875DC, and there is an 875DC black and white cartridge listed. However, the 875DC black doesn't say anything about the 870. Also, how many pictures will a cartridge last for? Help is appreciated! Jay

To: Ausdauer who wrote (11230)	5/19/2000 9:48:00 PM
From: Zeev Hed	Respond to of 60323

actually, for the next two quarters I have slightly higher numbers, specifically, $.26 and $.30, or $.99 for this year. For the next fiscal year I am up to about $1.50, the assumption is slightly higher royalties, but much higher profit margins from operations than in the last quarter (almost break even operationally). Under these circumstances, a PE of 30 on next fiscal year will yield a fair current price of about $45, not far from that analyst's suggestion and really within what I expect the reaction low to be (between $40 to $50). As the market becomes more ebullient in the July/October period, I expect the PE (next year earnings) to expand to about 60 to 70, yielding a target exit price of $90 to $105 or so. Considering that my charts are showing $88 and $109 as major overhead resistance, these targets are both from the FA and TA points of view "raeachable". Beyond that, the stock will start and discount a brighter future, and for that we need excess liquidity in the market to push valuations higher. I am not sure that in the current cycle up (not here yet), we will see that. Thus, after the election, I would actually expect contraction of PE's to cause the price to trade in a broad trading range for some time. Zeev