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Technology Stocks : Broderbund Software -- Ignore unavailable to you. Want to Upgrade?


To: Colin Christie who wrote (448)12/18/1997 11:54:00 AM
From: qz  Respond to of 859
 
even the management acknowledged that the inventory level is a little high
in yesterday's conference call. they predicted a 15% annual earning
growth rate. with a projected pe of 30 (at the current price $30/share), i have
to agree with ubs' downgrade. at this point, the management and products
of brod are more attractive than its stock price. $20/share is more
reasonable, unless the remaining riven copies (~700,000) in the channels
can be cleared by the next earnings release.