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Technology Stocks : Able Telecom (ABTE) -- Ignore unavailable to you. Want to Upgrade?

To: SirAlexx who wrote (48)	12/5/1997 7:52:00 AM
From: Rob L.	Read Replies (1) \| Respond to of 700

Sir Alexx, as an ACTC shareholder I would expect you to say the deal is too expensive. That's a good bargaining position for ACTC to claim that they are paying a big premium. As an ABTE shareholder, I would argue that it is way too cheap. Let's face it ABTE is growing earnings from $.34 this year to .54 and .69 in 1998 and 1999, respectively. That's pretty strong accredive growth. based on those estimates, the PEG ratio suggest fair or full valuation at between $14 to $17 a share. If ABTE was not interested in a buyout, then they would have rejected the deal almost on the spot. They are interested and I bet they will ask for a higher price, especially if the upcoming earnings are better than expected. Does anyone know when the earnings report is due out?