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Technology Stocks : Dupont Photomasks (DPMI) -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (134)	2/16/1998 11:13:00 PM
From: DJ Clancey	Read Replies (2) \| Respond to of 955

I need to re-run numbers for valuation, but 30% is not extreme for a growth company... something DPMI should be. According to articles I have read on DPMI's capabilities, they have products that allow for the production of the increasingly complex chips that are superior to others in the market. Being a leader in this technology will allow DPMI to establish the growth and allow the stock to do what we like best. As I do not personally use the products, I would appreciate input from individuals closer to this. DJ

To: shane forbes who wrote (134)	2/20/1998 11:09:00 PM
From: Duane L. Olson	Respond to of 955

Hi, Wizard... glad you got interested in DPMI.. we need a good strong touch of thoughtful logic on this thread... As for the PE.. it currently is running around 16 to 17, looking for earnings this year of about $2.13 (including currency translation losses of about a dime), and projected earnings growth of abou 21% going into the following year...with a couple of major plants coming on stream..especially the one at the LSI location in Gresham..serving both LSI and INTC..so I'm looking for the growth rate to increase somewhat as the chip complexity increases... So for those looking AHEAD a couple of quarters..it seems to me we could be looking at earnings of about $2.60, which I value at a PE of 25 for a conservative valuation of $65/share. As John and others have pointed out, some excessive valuations can occasionally occur..so if we get prices too much above 60, I'll start looking to take some profits. Meanwhile, as I mentioned to you, I'm still buying...and now have some excess cash to do just that.. Hope you can jump in.. and thanks for adding your leavening REASON to the thread!!! Duane