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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: James Young who wrote (1646)	11/26/1997 8:52:00 PM
From: Dave L	Read Replies (1) \| Respond to of 4903

Here's my thoughts: 1) Yes, most are discounting that no matter what Justice does, it won't matter for NSCP. The browser market is gone for good. At least the money making part of it. 2) Company is changing before our very eyes. Forget consumer software and limitless ability to define internet standards - that company is gone; think enterprise software, internet consulting company with a little Web advertising revenue thrown in for pure profit. 3) This means NSCP will no longer command a PE of 50+. It is being more fairly valued at a PE of 30 or so. $0.75 * 30 gives us a value of around $23. On the bright side, the institutions seem to like where NSCP is heading. Institutional ownership has increased greatly during the past 4 weeks. This will pay off in the long run for all long term investors. However they are not going to pay top-dollar for an immature company that is still just proving itself (unlike us stupid individual investors). There should be strong support in the $20-$25 range. 4) There is also the wildcards of a buyout, major cable set-top deal, or microsoft being split up. :)