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

To: Mike Chen who wrote (998)	10/27/1997 12:43:00 PM
From: Elliot Mausner	Read Replies (1) \| Respond to of 1320

Dear Ken G.' If I knew how, I would repost Mike's last letter so you could read it twice. I consider it to be clear as glass. Do you have any answer of similar lucidity or will you just act over-sensitized? Elliot

To: Mike Chen who wrote (998)	10/27/1997 1:13:00 PM
From: Ken G	Read Replies (1) \| Respond to of 1320

Mike, I cannot quibble with the logical method in which you come about in valuating this companys possible future income. You touch upon most of the important input criteria. However, I might question your projected PE ratio of 10. If you were to simply adjust the PE to something that could be more realistic for a technology company, instead of using 10, then some of your numbers may come more in line with my reasonable expectations. However, if you are going to unrealistically expect this company, or any other technology company to nominally trade at a PE of 10, then your world of stocks, worthy of short consideration, is nearly boundless. Most are trading at numbers far exceeding a PE of 10 and they, apparently by your premise, must be screaming short candidates. As for where I buy and where I sell, I use technical indicators only, to give me a time and price. Good Investing, Ken