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Technology Stocks : Veritas (VRTS) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Markowski who wrote (129)	1/8/1998 9:47:00 PM
From: Bobby	Read Replies (2) \| Respond to of 742

Tom: I agree with your assessment. I, too, hold a short position at an average price of $48 and a fraction. I will hold until after earnings announcement with an expectation that I can bail out below 35.

To: Tom Markowski who wrote (129)	1/17/1998 2:04:00 PM
From: Thomas Leavitt	Read Replies (1) \| Respond to of 742

Tom Markowski said: > I believe stock will sell of once earnings are announced. The multiples are just too high. A P/E ration of 89 is rather high... a lot of forward earnings and growth discounted into it. On the other hand, if they're in a phase change state, where their market is going to suddenly vastly expand (i.e. WinNT 5.0 reaching orders of magnitude more people than their existing Unix products), it could be justified. But, honestly, I agree. Heights are too rarified for me. If I'd bought in at 22, I might stick, given the capital gains penalty, but other opportunities are available with more potential near term upside.