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Technology Stocks : AWARE -- Ignore unavailable to you. Want to Upgrade?

To: KHS who wrote (487)	8/1/2000 9:40:11 PM
From: Elroy	Read Replies (1) \| Respond to of 2404

I'm not asking them to comment on the valuation of their stock level, but to comment that nothing materially has changed about their business over the last week. I'm sure they'll say nothing has changed in the past week. I see nothing wrong with making some statements. It has been done before by other companies. It only happens when companies are trading at 1/10th book value or some crazy low valuation. AWRE at $35 is trading at about 70x 2000 EPS. It isn't even close to being cheap. It is just below the price it was at two weeks ago. It moved from really, really, really expensive to really, really expensive. This stock behavior is not normal and one cannot say it has happened before. Today is a different company than 4 months ago, 6 months ago, or whenever a drop in the past has occurred. Again, look at the two year chart. There is nothing abnormal about the movement in the stock. It is very volatile - that's it. The company should defend itself, unless it also welcomes this kind of price volatility. Young tech companies shouldn't comment on their share price ever - it will only get them in legal trouble if they ever miss a quarter. All the company can do is try to increase revenues and earnings - that's their job. Over the next 2-5 years the share price will reflect that. In between, it will go where the buyers and sellers push it. Aware was $10 two years ago - it is $35 today. That's pretty good.... Elroy