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Technology Stocks : Keane The leading y2k service provider -- Ignore unavailable to you. Want to Upgrade?

To: John Xu who wrote (338)	1/23/1998 4:54:00 PM
From: tech	Respond to of 1316

John, when KEA fails to be able to find the needed staff, then they will turn projects over to Automated Conversion Houses. That is why I think that these conversion houses are hidden gems. Once the bulk of the work comes in and the shortage of resources will cause companies like KEA to turn conversion project over to the automated factories. I feel that we will see a shift from using the bodies and toolsets to convert code, and see them "wrap" their services around the conversion houses.

To: John Xu who wrote (338)	1/23/1998 6:33:00 PM
From: Robert Pope	Read Replies (1) \| Respond to of 1316

John, funny how the p/e is 60 and the share price keeps going up, up, up. Why is that? How is it that a company like AOL can have a market cap of 9 or so billion and not have any profit? Yahoo and several other tech companies are worth billions of dollars and have never turned a profit (negative p/e's) and yet their share prices are skyrocketing setting new highs all along the way. Lots of people are making money on these stocks (including Keane). Institutional buying drives the market any way you look at it. Its mostly speculation, psychology and perhaps to a tiny degree p/e ratios. A company's p/e is simply one of many indicators of a company along with news stories, rumors, institutional buying and actual financials. I agree with 'tech' that the flood gates haven't even opened yet. I wouldn't advise shorting Keane in 98 or 99. The news hasn't started and the rush to get into y2k hasn't started. Ron, I like your state of the union bet, hope your right. Let's not talk about investing in gold, I mean really...