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Technology Stocks : PSFT - 1997 Outlook [closed thread] -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (746)	1/18/1998 9:10:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 940

Paul, << They forecast earnings for 1998 at $.58, and have a target price of $75. They estimate annual growth for the next five years at 50%, and maintain a strong buy.>> Is it possible they are using the pre-split price here. $75 would be more than adequate for me<g>but somewhat unrealistic I think. I assume they are talking about a 12 month price target here. At $75 with eps of .58, the pe would be 129. Also, if they are forecasting 50% growth for the next 5 years, their 1998 eps number is low. Should be a minimum of .63 if growth is 50% using .41 as 1997 eps. But, as you already know, I think 1998 growth will be more than 50%. My personal 12 month price target is between 45 and 50. If I happen to be right just remember you heard it here first<VBG>. Melissa