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

To: A Kabili who wrote (636)1/15/1998 2:18:00 PM
From: Tech Investor  Read Replies (1) | Respond to of 1491
 
They did say they are looking for new business elsewhere in addition
to Korea, and with the bail out package, Korea will come back in a couple of years, buy and hold? :) I'm kinda INVESTED into PWAV this morning, around 4K shares averaged @11.46. Still, I think there will be a bounce after such a drop.

Regards



To: A Kabili who wrote (636)1/15/1998 2:20:00 PM
From: Mike Winn  Read Replies (2) | Respond to of 1491
 
Dain Rauscher cut estimate for 1998 EPS from 1.01/share to 0.97/share. At the current price of $11, that still gives a PE of 11.2 for 1998 for PWAV. That's a reasonable PE even if future revenue will be flat. I feel safe at this price.


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