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

To: Dr. J who wrote (605)	1/15/1998 8:51:00 AM
From: JOHN CHEN	Read Replies (1) \| Respond to of 1491

So far at 5:44am Pacific Time, PWAV is at 14 x 14 1/8, not much change. I believe the anticipated remarks from the company has been priced in the stock since it tumbled from 49 to 14. At 14, valuation is very cheap. There's a lot of uncertainties ahead to a lot of investors- I agree to some extend, but for the past 11 years, management has shown they know how to grow their business, and I expect them to continue outpeform the sector. Future may not as bleak as others might think. I'd rather buy PWAV at 14 while the company earns 91 cents a share than buying others have high p/e such as AMZN, YURI and RMBS. I can't say for sure but I doubt that anaylsts would downgrade the stock at the current price.