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Technology Stocks : F5 Networks, Inc. (FFIV) -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (1456)	4/29/2004 11:56:36 PM
From: tktrimbath	Read Replies (1) \| Respond to of 1801

You're welcome. What are your thoughts about the increased addressable market? Here are some numbers that I played with while sitting in the meeting. I've rounded down for conservatism. market = $3B (rounded down) f5 market share = 33% (rounded down and assuming no improvement) therefore f5s share = $.99B for a price to sales ratio of 6 (currently = 7) that would yield a market cap of $5.94B currently there are 34M shares so the price of FFIV would be $175 on 2006. What is wrong with this logic (besides its wealth of assumptions that WILL be inaccurate)?