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Technology Stocks : WebMethods,Inc. (WEBM) -- Ignore unavailable to you. Want to Upgrade?

To: Gene W who wrote (149)	3/5/2001 12:28:10 PM
From: Robert New	Read Replies (1) \| Respond to of 161

Not a great sign to see the company break its IPO price of $35. I sold my position in both the 150's and 40's after it was obvious that the down volume was quite strong. Based on a 2001 estimate of .46 the company still trades at a P/E of 70+ and that is not acceptable in this market. There is no guarantee of that estimate of .46 so if anything the P/E could actually be higher on a forward basis. Good company however overvalued in the current environment given current visibility. I also agree that this stock will likely be written about in textbooks. Offered at $35 and rocketed to $336....now down below $35. What a round trip!