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Technology Stocks : PWAV- the hot new IPO -- Ignore unavailable to you. Want to Upgrade?

To: advinfo who wrote (596)	1/15/1998 12:13:00 AM
From: A Kabili	Read Replies (1) \| Respond to of 1491

Unfortunately, the gap at the opening bell tomorrow will not be up. It will be down. The next quarter or two looks bleak for PWAV as they mentioned possible postponements or order cancellations. I do not think that this was figured in the current stock price. Damn!!!!!

To: advinfo who wrote (596)	1/15/1998 12:22:00 AM
From: JOHN CHEN	Read Replies (2) \| Respond to of 1491

I was right about the earning!! right on the mark! see my estimate on previous message! I estimate sales $38 mil; PWAV came in at $37.8 mil I estimate net income $5 mil; PWAV came in at $5.3 mil I estimate earning per share 28 cents; PWAv came in at 29 cents As far as the stuff about Korea, I expected PWAV to say something negative. Any company does business in Korea surelu will be impacted. The question is how severe-even PWAV does not know. Again, what will save PWAV is a big portion of the business they get from their Korean customers are for the PCS build up in Shanghi, China- and this portion will not be affected. If the market does not take it kindly, that's the market's problem. However you look at it, this quarter is solid as a rock and future is surely uncertain but this is how I look at it: at $14, it's a bargain. This is a company has been proven for the past 11 years that they know how to grow their business... and I am sure they will be up to the new challenges ahead.