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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: D. K. G. who wrote (10794)	1/5/2002 10:38:05 AM
From: D. K. G.	Read Replies (2) \| Respond to of 10836

Borland Software (BORL-NNM) by Brean Murray (16.21, Dec. 19) We initiate coverage of Borland with a Strong Buy rating. Among several reasons, the company leads in application development and server deployment for the desktop, Internet, and emerging wireless data networks and is a key player in the developing Web services software market. It is profitable, and growing revenues at 15%-20% per year and earnings at 20%-25% or more, and margins could double within 24 months. Our 12-month price target is $25, or 38 times our 2003 EPS estimate of 65 cents, and our 18-month target is $30, or 30 times 2004 earnings. ====== The above was from this week Barron's. BTW, does anyone know how (profit)margins can double in 24 months if they are already in the 85% range? What other margins could they be referring too?