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Technology Stocks : Vantive Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (1767)	4/3/1998 12:45:00 PM
From: Clam Clam	Read Replies (2) \| Respond to of 3033

The way I see it Dave, 1997 was a brutal year for this sector and VNTV executed its way through that. 1998 has to be easier than 1997 was so I think VNTV enters a new valuation trading range (assuming there is a little top-line upside this quarter and they sound confident about Q2). I think this new valuation range could be between 50-60x forward 12-month earnings. 60x $.85 = $51.... and that would be right now as fwd 12 months rolls forward when they release this quarter later this month. Using $1.25 for 1999 and a 50x multiple gets you $62.50 this time next year. A year is a long time in tech stocks but this is what my expectations are until I learn something new.