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Technology Stocks : Copytele - Another XEROX in future -- Ignore unavailable to you. Want to Upgrade?

To: Ken G who wrote (996)	10/27/1997 11:23:00 AM
From: Elliot Mausner	Respond to of 1320

Wow and thank you

To: Ken G who wrote (996)	10/27/1997 11:31:00 AM
From: Mike Chen	Read Replies (3) \| Respond to of 1320

Question for Copytele "bulls": Given the lack of verifiable information about this company, products, sales, etc., how do you price the stock? At what price to you buy? At what price would you sell? Is the purchase of COPY stock an economic decision, or something else? Is there a target price the stock is destined to go to? ETARD shows that >30,000 shares have changed hands at 4 3/4 today. Which means that "investors" have exchanged a couple of high-end Beemers, or low end houses this morning. Is this investing or speculation? What's going on here? The logic eludes me. See, I'm kinda linear. I would look at it this way: With 57 mill shares out, if Magicons sold and Copytele achieved a profit margin of 5%, they'd need a billion dollars of revenue to justify a stock price of $10 at a PE of 10 - ignoring the fact that the Shanghai people might want a piece of the pie. If a Magicon is priced at $2000 retail, Copytele could grossly net out $1000 per unit, which would mean that they would need to do 1 million Magicons to reach the $1 billion mark. (They say a journey of a thousand miles begins with the first step. Denis is still putting on his longjohns.) I assume that most COPY "bulls" think that the BIG SCORE will come from their flat panel. The market would probably need a panel costing less than $100 per, to justify designing EPaper into a product. To make the bil of panel revenue, Copytele would need to manufacture 1 million panes per month. And so far they have announced zero panels per month. With logic like this, it doesn't seem very risky to bet against Denis and his crew. (In fact the way Denis and Frank sell their shares, the "bears" are probably betting WITH them.) Hopefully there is a Copytele "investor" who can correct my Short Selling For Dummies mentaliy. (Even dejected Tribesmen from Cleveland are encouraged to feed the flames.) Mike Chen - Who believes that HK is Hanging Ten