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Technology Stocks : LARSCOM......A Less Risky IPO (LARS) -- Ignore unavailable to you. Want to Upgrade?


To: Land Shark who wrote (765)3/23/1998 6:53:00 PM
From: Andy H  Read Replies (1) | Respond to of 990
 
I did indeed see those blocks: probably one 250K block, printed at 8.625 and 8.6875 (the first trade was the 8.625-hope that was not the true trade). Hope it is a buyer, but I have no idea.

The PEG ratio is not helpful here, since 98 estimates are $.49, about the same 1997 actual. 1999 estimates are $.78, but that is so speculative for a small company like this. Remember, last year the estimates were $.80 for 1998! LARS has not shown any material growth since it has been public-running $.13-.14 per quarter at best. This stock won't move much unless the company proves it can earn in excess of $.15 per share per quarter consistently and continue to grow from there.



To: Land Shark who wrote (765)3/23/1998 8:15:00 PM
From: joseph burns  Respond to of 990
 
Here's a quote from an article at Interactive Week by Eric Flemming............

Larscom Inc., a lesser-known industry player, may be a stock to watch.
It bought privately held NetEdge Systems Inc. in early December for $32
million in cash and stock. NetEdge, a Research Triangle Park, N.C.-based
asynchronous transfer mode equipment maker, is expected to fit in well
with Larscom's plan to become a leader in switching technology. Larscom
wrapped up its third quarter with earnings up 27 percent to $2.5
million, or $0.14 a share from $1.6 million or $011. However, its stock
was down about 25 percent for 1997.

Source: Inter@ctive Week Online