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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (831)	4/4/1998 1:00:00 PM
From: TLindt	Read Replies (4) \| Respond to of 3990

If it was priced with a PE equal to its growth rate for '99s est. earnings, then Cych should be trading at $93@ per shr. Most of these internet IPOs are trading well above there estimated long term growth rates right now and are not expected to turn profitable beyond yr 2000. I think this hidden gem will start to shine soon when the hype wears off. I agree.....I've been debating adding. Simply because the revenue stream is small and needs to grow, but that is the risk of CYCH. And if you are 1/2 right on your $93 a share, or even 1/4 right. You have about as much ceiling as you do floor....and that is assuming they blow the 1999 number and only come in with 30~ cents. Which means they would have to miss that target by a mile for you to lose? Thoughts.......anybody? In at 10 3/8.....and thinking about adding.

To: Mark Fowler who wrote (831)	4/4/1998 4:59:00 PM
From: Michael Berkel	Read Replies (1) \| Respond to of 3990

Great post Mark. 15x'99 estimated earnings look dirt cheap to me, if one takes the growth pace into consideration as well. Do you happen to know what the '99 estimated numbers are for Yahoo, Amazon and AOL? Do the math! A few reasons why CYCH hasn't taken off yet like all the others: 1. "They might be facing stiff competition". Is this a fact? I don't believe so. CYCH are everywhere and ahead of the pack. 2. "Investors were burnt. Once bitten twice shy." CYCH went from 30 to 60 in the past and back to 30 and further down. Many investors have been burnt. This might have damaged the reputation of the stock and the name alone may deter some. Reality check: what caused the fall of the stock and what's the difference now? The merger with ICVerify has dramatically increased the value of CYCH and this has not been factored in today's share price. 3. "The earnings might be disappointing". So far, CYCH has shown an improvement with every new quarter. Maybe they won't make the whisper number this time -- who knows? -- but then who cares with a company that is growing at the pace they are doing? Why have some Internet stocks with no profitability prospects for the next 2-3 years like RNWK gone through the roof lately and why is CYCH with profit announcements from the financial director for the not so far future still a laggard? In my view CYCH is undervalued and a steal under 20. I will take profits with some of my other stocks and buy more.