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Technology Stocks : High Growth Techstocks for 1998 -- Ignore unavailable to you. Want to Upgrade?

To: SirAlexx who wrote (165)	12/30/1997 9:05:00 PM
From: White Shoes	Read Replies (1) \| Respond to of 598

Thanks Sir Alexx, Applied Cellular sounds promising, I'll check it out. P/E is reasonable, even the trailing P/E, might be a bargain for such a growth company. Can you give anything more convincing than the CEO's projection of sales? Will they continue to be profitable or does this seem to be one of those crazy acquisition binges that creates a false impression of growth and a short-lived premium in the markets? Dominick & Dominick like it, I see in the newswires. Have a price target of $10-12, & note company is trading a very low P/E & Price/Sales given its rapid growth & hot technology. The stock price has come down from $7 to $4.50 since ACTC fired off the press release of that buy recommendation...one wonders about management, but suspect it's a bargain regardless. At least the CEO didn't issue a press release railing against short sellers as the CEO of OCCF (Optical Cable Corp.) did last year.