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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: Marshall who wrote (25729)	11/18/1997 9:38:00 PM
From: drakes353	Read Replies (1) \| Respond to of 33268

Marshall: The article he's talking about was called "Short Shrift", written by Gene Epstein. Ran in Barrons' sometime in late Spring I think. You can pick it up off of the WSJ website if you're a subscriber. The guys mentioned in the article are now selling an institutional research product focusing on short selling. I'm going to be meeting with their marketing people in the next couple of weeks to kick the tires. FWIW, here's an update on my PSR numbers based on the most recent release by RACE: Trailing Sales 12.999 Historical Low PSR 0.7 Implied Mkt Cap 9.099 Shares Outstanding 5.541 Implied Price $1.64 Assume a PSR of 1.0 $2.35 Assume a PSR of 1.5 $3.52 Assume a PSR of 2.0 $4.69 Anything more than 1x trailing sales still looks expensive to me since I still think we've got a good shot a hitting the historical low PSR in the next few months. drakes353